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Initial Outlay $50 million S10 milliorn S20 million S20 million S10 milliorn S5 million ear Year 2 Year 3 Year 4 Year 5 The required

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Initial Outlay $50 million S10 milliorn S20 million S20 million S10 milliorn S5 million ear Year 2 Year 3 Year 4 Year 5 The required rate of return is 15%. If the firm wants to make the profitability index equal to 1 for Project Alpha, the initial outlay has to be: Round to the nearest hundredth million without a dollar sign. (i.e. if your answer is $12.34 million, then type 12.34 as your answer.) Initial Outlay $50 million S10 million S20 million S20 million S10 million $5 milliorn ear ear ear ear ear The required rate of return is 15%. What is the NPV of the project? Round to the near hundredth million. Do not include any unit such as $, %, etc. (i.e. if your answer were S1.23 million, type in -1.23 as your answer without S and million) If there are multiple answers, then type NA

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