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What comes closest to the NPV of a 9-year project that is expected to generate $15 million annually for the first 3 years and then
What comes closest to the NPV of a 9-year project that is expected to generate $15 million annually for the first 3 years and then $5 million annually for the remaining 5 years in revenue? The upfront cost to start the project is $35 million, and then it will cost $2 million per year to maintain this project for the 8 years. Use the discount rate of 9%. Should this project be undertaken?
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