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You are evaluating a business opportunity for your company that is anticipated to generate the following cash flows: Year Cash flow (millions) 0 -$13 1
You are evaluating a business opportunity for your company that is anticipated to generate the following cash flows:
Year | Cash flow (millions) |
0 | -$13 |
1 | $5 |
2 | $6 |
3 | $14 |
If the required return for this project is 13%, what is the project NPV?
Enter answer in millions (i.e., without all the extra 0s), accurate to two decimal places.
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