Question: Bob's Burgers is considering a project with an initial cost of $8 million that would produce cash flows of $1.5 million the first year, $2

  • Bob's Burgers is considering a project with an initial cost of $8 million that would produce cash flows of $1.5 million the first year, $2 million the second, and $2.5 million per year for the final two years. If the required return is 11.3%, what is the NPV of the project?A.$0.47 million
  • B.$0.50 million
  • C.-$1.60 million
  • D.$14.40 million

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