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Pay back 7) Calculate the NPV of a capital project with an initial investment of $30 million. The project generates after-tax cash flows of

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Pay back 7) Calculate the NPV of a capital project with an initial investment of $30 million. The project generates after-tax cash flows of $10 million at the end of Year 1, $14 million at the end of Year 2, and $18 million at the end of Year 3. The required rate of return is 10%. (10 marks)

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