yes

MMM Inc plans to undertake a project. The cash flow from the project at the end of the first year will be $3.1 million, which will then grow at 13% for the next two years and at 2.80% thereafter. If the cost of capital for the project is 12%, what is the maximum amount of investment that the firm can afford to make today, before realizing a loss on the project? $41.63 million None of the above \$55.14 million $39.86 million $50.04 million