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New Flyer Industries has decided to expand its production of hybrid transit buses. The firm expects incremental cash flows of $20 million in the first

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New Flyer Industries has decided to expand its production of hybrid transit buses. The firm expects incremental cash flows of $20 million in the first year, growing by 2% every year thereafter. The upfront cost of the expansion is $95 million, and there are additional issuance costs for external financing of $12 million. If the New Flyer's WACC is 6.2%, what is the NPV of the project? $381 million $357 million \$369 million $228 million $216 million

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