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You are evaluating a project with the following expected cash flows: an initial investment of $13 million, followed by cash flows of $4, $8 and
You are evaluating a project with the following expected cash flows: an initial investment of $13 million, followed by cash flows of $4, $8 and $16 million in years 1, 2 and 3, respectively. If the company's WACC is 19%, what is this projects NPV? Enter your answer in millions of dollars, with no decimals.
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