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Story Company is investing in a giant crane. It is expected to cost $ 7 . 0 million in initial investment, and it is expected

Story Company is investing in a giant crane. It is expected to cost $7.0 million in initial investment, and it is expected to generate an end-of-year after-tax cash flow of $4.0 million each year for three years. Calculate the NPV at 12 percent.

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