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Halcyon Lines is considering the purchase of a new bulk carrier for $8.6 million. The forecasted revenues are $5.6 million a year anci operating costs

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Halcyon Lines is considering the purchase of a new bulk carrier for $8.6 million. The forecasted revenues are $5.6 million a year anci operating costs are $4.6 million. A major refit costing $2.6 million will be required after both the fifth and tenth years. After 15 years, the ship is expected to be sold for scrap at $2.1 million. a. What is the NPV if the opportunity cost of capital is 10% ? (Enter your answer in dollars, not millions of dollars. Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)

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