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Norris Co, has developed an improved wersion of its most popular product. To get this improvemem to the market, will cost $48 milion and will

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Norris Co, has developed an improved wersion of its most popular product. To get this improvemem to the market, will cost $48 milion and will return an additional $13.5 mill on for 5 years in net cash flows. The firm's debt-equity ratio is. 25 , the cost of equity is 13 percent, the precax cost of debe is 9 perctent, and the tax fate is 30 percent. What is the net present value of this proposed project? $1,077,100 $989760 51,306,411 51,402,459 51,214,318

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