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company is evaluating a 1 0 - year project. The project costs $ 4 0 million to start, and willgenerate $ 1 5 million each

company is evaluating a 10-year project. The project costs $40 million to start, and willgenerate $15 million each year from Year 1 to Year 10. The projects beta is 1.8. Assumingthe risk-free rate rf is 4%, and the expe

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