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quire a $3.6 million investment outlay today (t - 0). The 60% chance that demand will be poor, first year, and after receiving the first

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quire a $3.6 million investment outlay today (t - 0). The 60% chance that demand will be poor, first year, and after receiving the first year's cash flows it will have the option to abandon SSc is considering another project: the introduction of a "weight loss" smoothie. The project would re ould depend on whether the weight loss" smoothie is well received by consumers. There is a 40% chance that demand will be good, in which case the project will produce after-tax cash flows of $2.5 million at the end of each of the next 3 years. There is a in which case the after-tax cash flows will be $0.55 million for 3 years. The project is riskier than the firm's other projects, so it t as a WACC of 11%. The firm will know if the project is successful after receliving the cash flows the the project. If the firm decides to abandon the project the company will not receive any cash flows after t - 1, but it will be able t project for $2.5 million after taxes at t . Assuming the company has an option to abandon the project, what is the expected NPv your answer to 2 decimal places. Do not round your intermediate calculations. Use the values in milions of dollars" to ascertain the answer millions of dollars

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