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To help Nike, you are going to tell the marketing department how many pairs of shoes they would need to sell if they develop their

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To help Nike, you are going to tell the marketing department how many pairs of shoes they would need to sell if they develop their Space Hippie Brand. You get the following Data: Initial Investment in Plant and Equipment $28,000,000 - Marketing and Sales Support Expense (Yr 1-4) Starts at $4,000,000 and decreases by 25% per year as product becomes more well known in the market. Net Contribution Margin (Yr 1-5), Starts at 6,000,000 and increases by 20% per year through year 5, then stays steady at the year 5 amount for life of the project. . If the project life is 8 years and Nike's MARR is 13.5%, what is the NPV of this project

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