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Estefan Industries has a new project available that requires an initial investment of $ 4 . 7 million. The project will provide unlevered cash flows
Estefan Industries has a new project available that requires an initial investment of $ million. The project will provide unlevered cash flows of $ per year for the next years. The company will finance the project with a debtvalue ratio of The companys bonds have a YTM of percent. The companies with operations comparable to this project have unlevered betas of and The riskfree rate is percent and the market risk premium is percent. The tax rate is percent. What is the NPV of this project? Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to decimal places, eg
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