A company is evaluating an expansion. This capital investment will require a cash outflow today of $25,000,000. The firm estimates that the investment will pay out a cash flow of $3,200,000 per year for the next 20 years and nothing after. The risk-adjusted discount rate required on this project is 11%, calculate the net present value of this investment. (Round to 2 decimals)

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Since pv CF 1x Year 1 3200000 1 0 Year 2 3200000 259719179 ... View the full answer