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Halifax Inc. is investing in a new cider bottling plant. The initial investment required is $6M. The expected after-tax cash flow is $3M for three

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Halifax Inc. is investing in a new cider bottling plant. The initial investment required is $6M. The expected after-tax cash flow is \$3M for three years. The plant will have zero salvage because of obsolescence. What is the NPV of the investment opportunity if the cost of capital is 12%? a. $1.20 million b. $0.80 million c. $2.40 million d. $0.20 million

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