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Southwest Airlines is considering buying a new Boeing 7 3 7 . The airplane will cost 3 0 million dollars today and then generate 9

Southwest Airlines is considering buying a new Boeing 737. The airplane will cost 30 million dollars today and then generate 9 million dollars per year for the next 12 years. After 12 years, the airplane will not generate any cash for Southwest Airlines. If the cost of capital is 8%, what is the NPV (in millions of dollars) of buying the new airplane?

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