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The answer should be 6,029.8 Davis Technology recently hired you as a consultant to help with its capital budgeting process. The company is considering a
The answer should be 6,029.8
Davis Technology recently hired you as a consultant to help with its capital budgeting process. The company is considering a new project with the expected results as shown below. The equipment would be depreciated using the straight-line method over its 3-year life with zero salvage value. No new working capital would be required. Revenues and other operating costs are expected to be constant over the project's 3 -year life. What is the project's NPV (in \$ millions, rounded to one decimal place, e.g., 12.3)Step by Step Solution
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