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Cummins Inc has a project $30 million. It expects the project to generate cash flows of $13,000,000, $23,000,000, and 29,000,000 over the next three years.
Cummins Inc has a project $30 million. It expects the project to generate cash flows of $13,000,000, $23,000,000, and 29,000,000 over the next three years. The cost of capital is 20 percent. Net present value: What is the net present value of this project? (Round to the nearest million dollars.) $16 million $10 million $14 million O $19 million $12 million
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