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Question 13 10 pts Boston Properties is considering a new development project. They estimate the initial cost of the project to be $500, which must

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Question 13 10 pts Boston Properties is considering a new development project. They estimate the initial cost of the project to be $500, which must be paid in full on the first day of the project. After that, Boston Properties estimates annual project cash flows of $150 each year for the next 10 years (10 payments). Find the NPV of the project and recommend to Boston Properties whether they should pursue it or not. Boston Properties has a cost of capital of 22% Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" or any other formatting. Carry computation to at least 4 decimals and round your final answer to 2 decimal places. Numerical values: Round to two decimals ######.## Percent values: enter as a percent rounded to 2 decimals for example 0.12345 should be entered as: 12.35% Positive Negative: NPV calculations must be entered as a positive or negative value all other computations must be entered as a positive number Question 14 Using information and computations from the last problem, Make your recommendation to Boston Properties a O No recommendation investors are indifferent No, do not pursue the project There is not enough information to make a recommendation Yes, pursue the project

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