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EDC Co. is evaluating a new etching tool. The equipment costs $1.5 million and will generate after-tax cash inflows of $0.6 million per year for

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EDC Co. is evaluating a new etching tool. The equipment costs $1.5 million and will generate after-tax cash inflows of $0.6 million per year for six years. Assume the company has a 12% cost of capital. What is the NPV of the investment? Select one: a. $0.97 million O b. $1.51 million O c. $0.51 million O d. $1.69 million

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