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Suppose that Duc-ees Ltd. has no cash in hand. The firm instead can issue a financial claim priced $10 million today that promises to pay

Suppose that Duc-ees Ltd. has no cash in hand. The firm instead can issue a financial claim priced $10 million today that promises to pay investors $11 million in one year. How much is the project worth, net of the cost, in terms of the present value today (in $ million, in 4 decimal places)?

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