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SPG Corp. is considering a capital investment project that promises to increase the firm's after-tax operating cash flows by $5.5 million for 4 years. The
SPG Corp. is considering a capital investment project that promises to increase the firm's after-tax operating cash flows by $5.5 million for 4 years. The project will need $14 million in new fixed assets, with a zero salvage value at the end of the project. In addition, the firm will have to invest an additional $2 million to extend credit to new customers. What is the NPV of this project at a 10% required rate of return? Please enter your answers in $millions with one decimal place. For example, for $1.23 million, enter 1.2
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