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Coughlin Motors is considering a project with the following expected cash flows: NINV = 600 million; NCF1 = $400 million; NCF2= $300 million; NCF3 =

Coughlin Motors is considering a project with the following expected cash flows:

NINV = 600 million; NCF1 = $400 million; NCF2= $300 million; NCF3 = $200 million; NCF4 = $700 million.

If the cost of capital is 12% and the risk free rate of interest is 6%, what is the projects net present value (NPV?

a.) $611.20 million

b.) $661.49 million

c.) $1,000.00 million

d.) $1,188.59 million

how do I work this out by hand instead of in Excel or using a FIN calculator?

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