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JoePa Industries recently bought a new plant for $15 million and expects cash flows generated from the investment in the next four years to be:
JoePa Industries recently bought a new plant for $15 million and expects cash flows generated from the investment in the next four years to be: $10 million, $12 million, $15 million, and $10 million. Using a discount rate of 8.0%, calculate the company's NPV (rounded to the nearest million).
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$44 million
$24 million
$13 million
$14 million
$33 million
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