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GreenTech is considering investing in a new renewable energy project. The project involves setting up a wind turbine farm, which requires an initial investment of

GreenTech is considering investing in a new renewable energy project. The project involves setting up a
wind turbine farm, which requires an initial investment of $115 million. Financial analysts estimate that
the benefits of the new project will be $20 million per year, starting at the end of the first year and
lasting for eight years. After eight years, the benefits are expected to start declining by 2% per year
indefinitely (Year 9 is the last year you the project yields $20 million). Assume the discount rate is 14%.
Please calculate the following:
6. Net Present Value (NPV), in millions 7.Internal Rate of Return (IRR)8. Payback Period, in years. Help on all three if possible please

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