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Suppose that Disney wants to follow up on the success of Frozen with a feature film featuring Olaf the Snowman The movie will cost $166.00

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Suppose that Disney wants to follow up on the success of Frozen with a feature film featuring Olaf the Snowman The movie will cost $166.00 million to produce, and the producers expect the movie to generate a cash flow of $161.00 million in the first year. After the first year, cash flows will decline to $13.00 million in year 2 However, the movie will also create synergy within the company, Disney will build a new Olaf ride at Epcot for $38.00 million Disney suspects that the ride will bring visitors to the park and increase merchandise sales. Disney estimates that sales will increase by $11.00 million per year in PERPETUITY The after-tax operating margin on these sales is 45.00% for Disney The cost of capital for Disney is 10.00% If we add the PV of the side effects to the NPV, what is the total value of this project? (express in terms of millions) Submit Answer format: Currency Round to 2 decimal places

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