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Moes Tavern is considering a project with an initial cost of $15 million that would produce cash flows of $3 million the first year, $4
Moes Tavern is considering a project with an initial cost of $15 million that would produce cash flows of $3 million the first year, $4 million the second, $5 million in the third year, and $6 million per year for the final two years. If the required return is 10.8%, what is the NPV of the project? Group of answer choices $32.22 million $2.22 million $8.91 million $9 million
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