Question: A company is adding a new assembly line at a cost of $11 million. The company expects the project to generate cash flows of $9

A company is adding a new assembly line at a cost of $11 million. The company expects the project to generate cash flows of $9 million, $5 million, $12 million, and $3 million over the next four years. Its cost of capital is 17.5 percent. What is the net present value of this project (in millions to three decimal places)? Select one: a. $31.252 b. $9.528 c. $9.252 d. $26.598

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