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Pirate books is planning to start a new publishing house. It will cost 1 7 million dollars today to start the publishing house. In year

Pirate books is planning to start a new publishing house. It will cost 17 million dollars today to start the publishing house. In year 1 the new publishing house will bring 4 million dollars. Then in year 2 the publishing house will bring 7 million dollars. After that cash flows will increase at a rate of 1% per year forever. The discount rate for this project is 11%. What is the NPV of this project?

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