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Exxon is considering an oil rig project in Kuwait with a cost of $1,000,000,000 and expected cashflows of $200,000,000 a year for the next 20

Exxon is considering an oil rig project in Kuwait with a cost of $1,000,000,000 and expected cashflows of $200,000,000 a year for the next 20 years. Exxon's discount rate for Kuwaiti projects is 18%. What is the NPV of this project to Exxon?

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