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LakeCraft is considering investing in a cruise ship with an expected life of 15 years that costs $90 million and will produce net cash flows

LakeCraft is considering investing in a cruise ship with an expected life of 15 years that costs $90 million and will produce net cash flows of $8 million per year. LakeCraft's cost of capital is 8%. Enter your answers rounded to 2 DECIMAL PLACES.

1. What is the payback period?

2. What is the net present value (NPV) of the project?

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