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Harimbi Company is considering building a new facility at a cost of $ 1 2 . 7 million. Management uses a discount rate of 1

Harimbi Company is considering building a new facility at a cost of $12.7 million. Management uses a discount rate of 10.9%. They anticipate the following cash flows for the next seven years:
Year Cash Flow
12.2m
22.5m
32.9m
43.1m
53.4m
63.6m
73.9m
The proposed project's net present value is closest to:
Question 4 options:
A)
$1,212,300.
B)
$8,900,000.
C)
$1,344,500.

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