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solve on paper please Suppose that a project results in the following cash flows: An immediate investment of 33 million is required. Additional investments of
solve on paper please
Suppose that a project results in the following cash flows: An immediate investment of 33 million is required. Additional investments of 2.5 million will be required at the end of the year for each of the next 4 years. The project will generate 31 cash inflows, which will be paid annually. The first inflow will occur at the end of year 5 and is expected to be in the amount of 16 million. Each subsequent cash inflow will be 2% less than the previous one. Assuming that the cost of capital is 11%, calculate the NPV of this project, in millions of dollarsStep by Step Solution
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