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You are evaluating a project with the following expected cash flows: an initial investment of $12 million, followed by cash flows of $5, $6 and
You are evaluating a project with the following expected cash flows: an initial investment of $12 million, followed by cash flows of $5, $6 and $16 million in years 1, 2 and 3, respectively. If the company's discount rate is 15%, what is this projects NPV? Enter your answer in millions of dollars, with no decimals. For example, if your answer is 12.3456, that is $12 million , so just enter 12.
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