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When choosing between two potential investment projects, the financial manager should always choose the project with the shorter payback period. True False A firm is

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When choosing between two potential investment projects, the financial manager should always choose the project with the shorter payback period. True False A firm is considering a potential investment project that would result in an immediate loss in free cash flow of $116 Million, but would generate positive free cash flow of $8 Million next year. The firm expects the free cash flow produced by the project to grow annually at 1% forever. The firm's weighted average cost of capital (WACC) is 8%. What is the NPV of the project? [Enter your answer in millions of dollars rounded to two decimal places. For example, if your answer is -1.23 Million, then enter just - 1.23 in the answer box.) Your Arm

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