Problem 8

Problem 8 Intro Better Biscuits is planning to make and sell a new cookie and expects the following cash flows at the end of each year: 3+ decimals Year CF (in $ million) 0 -70 1 20 30 Submit 23 Part 1 BAttempt 1/10 for 10 pts. If the company's weighted average cost of capital is 12%, what is the NPV (in $ million)? 40