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Nucor Steel Corporation has a new electric arc furnace that has an initial cost of $321000. Nucor Steel expects this new electric are furnace to

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Nucor Steel Corporation has a new electric arc furnace that has an initial cost of $321000. Nucor Steel expects this new electric are furnace to generate free cash flows of $44,700 for 9 years and a free cash flow of $60,100 in Year 10. If Nucor Steel's required return for this new electric arc furnace is 77 percent, what is the NPV for this furnace

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