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New Flyer Industries has decided to expand its production of hybrid transit buses. The firm expects incremental cash flows of $ 8 million per year

New Flyer Industries has decided to expand its production of hybrid transit buses. The firm expects incremental cash flows of $8 million per year for the next 8 years. The upfront cost of the expansion is $28 million, and there are additional flotation costs of $1.5 million. If the New Flyer's WACC is 10%, what is the overall NPV of the project?
A) $34,500,000 B) $14,679,410 C) $36,000,000 D) $50,500,000 E) $13,179,410

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