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You are considering an investment opportunity that requires an initial investment of $40 million today. It will generate three future payments: $2 million in one
You are considering an investment opportunity that requires an initial investment of $40 million today. It will generate three future payments: $2 million in one year, $6 million in 2 years, and $85 million in 6 years. The cost of capital is 7%. What is the NPV?
[Formatting: Give your answer in millions of dollars (not in dollars), to one and only one decimal place, and with no dollar sign. For example, 6.2, 18.9 or 47.6. The software will mark it wrong otherwise, so please format your answer properly.]
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