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Kyoto Company is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash flows
Kyoto Company is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash flows of $13,000,000, $23,000,000, and 29,000,000 over the next three years. The cost of capital is 20 percent. What is the net present value of this project? (Round to the nearest million dollars.) Select one: A. $10 million B. $12 million C. $14 million D. $16 million
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