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Suppose that the manager wants to raise $12M to invest in a project that would provide $4M per year for the next 6 years. Given

Suppose that the manager wants to raise $12M to invest in a project that would provide $4M per year for the next 6 years. Given an 11 percent cost of capital, what is the NPV of the project? Should the manager make this investment? (managers and markets, slide 14) show your work. (not using Excel)

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