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Question 9 1 pts Pinder Ltd is considering an investment project where the project will cost $6 million today and is expected to generate after-tax

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Question 9 1 pts Pinder Ltd is considering an investment project where the project will cost $6 million today and is expected to generate after-tax cash flows of $2 million in the first year. After the first year, the after-tax cash flow generated by the project is expected to increase by $0.3 million per year for four years. After the fifth year, the after-tax cash flows generated by the project are expected to grow at an annual rate of 2% forever. Pinder Ltd will use its after-tax weighted average cost of capital as the discount rate to value this investment project. Pinder Ltd's market value of debt is $2 billion, and its market value of equity is $5 billion. Pinder Ltd's before-tax cost of debt is 8% and the cost of equity is 12%. Pinder Ltd's effective corporate tax rate is 30%. What is the NPV of this project? (Round to the nearest two digits) O $28.20 O $23.13 O $27.59 O $26.18 None of the other answers are correct

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