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Joyful Pirate Clothing is thinking about opening a new location in Newark. The new store will cost 19 million dollars today. In year 1, the

Joyful Pirate Clothing is thinking about opening a new location in Newark. The new store will cost 19 million dollars today. In year 1, the store will generate FCFs of 1 million dollars. In year 2, the store will generate FCFs of 4 million dollars. After that, FCFs will grow at a rate of 1% per year. If the cost of capital is 19%, what is the NPV of the new store? (Be sure to enter your answer in millions)

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