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The Chief Financial Officer ( CFO ) of Sehas Company is interested in the NPV associated with a production facility that the Director Board wants

The Chief Financial Officer (CFO) of Sehas Company is interested in the NPV associated with a production facility that the Director Board wants to acquire. In exchange for an initial $10 million payment, company should receive payments of $1.2 million at the end of each of the next 15 years. The rate of return is 9%. Compute the Net Present Value of the project.

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