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Walt Disney Company is evaluating the development of a new theme park in Asia. The project requires an initial investment of $1.5 billion and is

Walt Disney Company is evaluating the development of a new theme park in Asia. The project requires an initial investment of $1.5 billion and is expected to generate annual revenues of $400 million once the theme park is operational. Calculate the net present value (NPV) of Disney's theme park project, assuming a discount rate of 8%.

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