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Plano Company is purchasing a production facility at a cost of $ 2 1 . 0 0 million. The firm expects the project to generate

Plano Company is purchasing a production facility at a cost of $21.00 million. The firm expects the project to generate annual cash flows of $7 million over the next five years. Its cost of capital is 18 percent. Should the firm accept this project? Please show how to answer WITHOUT Excel.

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