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Dyrdek Enterprises has equity with a market value of $ 1 1 . 0 million and the market value of debt is $ 3 .
Dyrdek Enterprises has equity with a market value of $ million and the market value of
debt is $ million. The company is evaluating a new project that has more risk than the
firm. As a result, the company will apply a risk adjustment factor of percent. The new
project will cost $ million today and provide annual cash flows of $ for the next
years. The company's cost of equity is percent and the pretax cost of debt is
percent. The tax rate is percent. What is the project's NPV
A $
B $
C $
D $
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