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Question #3 You work for a luxury shoe retailer and the company wants to expand into Europe. It will require an immediate investment of $80m.

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Question #3 You work for a luxury shoe retailer and the company wants to expand into Europe. It will require an immediate investment of $80m. You believe it will generate cash flows of $15m for 8 years. WACC for your company is 9% (a) What is the project's NPV ? Would you proceed with the project? What if WACC for your company is 12% (b) What is the Project's Payback Period

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