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Given Q11. The new investment will cost Exxon $10 M today and give cash flows of $5 M for 5 years, starting a year from
Given Q11. The new investment will cost Exxon $10 M today and give cash flows of $5 M for 5 years, starting a year from today. Should Exxon invest in this project? (If you did not complete Q11, you can use a WACC of 10%; 10 may not be the correct answer to Q11 but will give the correct sign on NPV for 8.)
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