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Ford Motors expects a new hybrid-engine project to produce incremental cash flows of $77 million each year and expects these to grow at a rate

Ford Motors expects a new hybrid-engine project to produce incremental cash flows of $77 million each year and expects these to grow at a rate of 6% each year. The upfront project costs are $718 million and Ford's weighted average cost of capital is 10%. If the issuance costs for external finances are $5 million, what is the net present value (NPV) of the project?

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