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Suppose you are considering a project with the following net after tax fows (Smillion). The cost of the project is $55,000,000 There is an annuity
Suppose you are considering a project with the following net after tax fows (Smillion).
The cost of the project is $55,000,000
There is an annuity cash inflow of $18,000,000 per year.
The Economic life of the project is 10 years.
The beta of the project is 2.5
The risk free rate is 8%
The retrun on the market portfolio is 15%
What is the NPV of the Project?
Round to nearest Dollar.
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