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Please show work with Excel if possible! A company is evaluating an expansion. This capital investment will require a cash outflow today of $12,000,000. The

Please show work with Excel if possible! image text in transcribed
A company is evaluating an expansion. This capital investment will require a cash outflow today of $12,000,000. The firm estimates that the investment will pay out a cash flow of $2,000,000 annually for the next 20 years and nothing after. The risk-adjusted discount rate required for this project is 12%; calculate the investment's net present value. (Round to 2 decimals)

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