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Duc - ee s Ltd . is considering a project that requires an investment cost of $ 1 0 million today. The project is expected
Ducees Ltd is considering a project that requires an investment cost of $ million today. The project is expected to generate a cash flow of $ million in one year. Assume that a discount rate of applies to all cash flows pertaining to the project. Suppose that Ducees Ltd has no cash in hand. The firm instead can issue a financial claim priced $ million today that promises to pay investors $ million in one year. How much is the project worth, net of the cost, in terms of the present value today in $ million, rounded to decimal places
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