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Ford Motors expects a new hybrid-engine project to produce incremental cash flows of $55 million each year, and expects these to grow at 5% each

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Ford Motors expects a new hybrid-engine project to produce incremental cash flows of $55 million each year, and expects these to grow at 5% each year. The upfront project costs are $420 million and Ford's weighted average cost of capital is 8%. If the issuance costs for external finances are $15 million, what is the net present value (NPV) of the project? A. $1,398 million B. $1,538 million C. $1,468 million D. $1,258 million

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