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West Texas Wildcatters, Inc. is weighing a drilling venture into the budding oil fields of Hawaii. The venture requires an initial outlay of $ 9
West Texas Wildcatters, Inc. is weighing a drilling venture into the budding oil fields of Hawaii. The venture requires an initial outlay of $M but is anticipated to generate a perpetual series of $M cash flows starting three years from today. It's a fairly risky project, so is the appropriate required rate of return. Calculate the projects NPV
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