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Consider the following project: Initial outlay = $14 million Year 1 expected cash flow = $8 million Year 2 expected cash flow = $7 million
Consider the following project: Initial outlay = $14 million Year 1 expected cash flow = $8 million Year 2 expected cash flow = $7 million Year 3 expected cash flow = $10 million Project cost of capital = 15.1%p.a. The net present value of this project is closest to (in millions to the nearest three decimals): Select one: O a. $5.590 b. $2.327 c. $32.792 d. $4.792
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