Question: A co any is in the process of constructing a new plant at a cost of $14 million. It expects the project to generate cash

A co any is in the process of constructing a new plant at a cost of $14 million. It expects the project to generate cash flows of $7 million, $8 million, and $12 million over the next three years. The cost of capital is 13.0 percent p.a. What is the net present value of this project? (in millions to three decimals)

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