Question: Chapter 13 - Q4: Please answer this Finance related question below! Thank you! A retail coffee company is planning to open 95 new coffee outlets

Chapter 13 - Q4: Please answer this Finance related question below! Thank you!

Chapter 13 - Q4: Please answer this Finance related question below! Thank

A retail coffee company is planning to open 95 new coffee outlets that are expected to generate $13.2 million in free cash flows per year, with a growth rate of 3.1% i perpetuity. If the coffee company's WACC is 10.5%, what is the NPV of this expansion? The present value of the free cash flows is $ million. (Round to two decimal places.)

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