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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

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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 years 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 dollars

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