Question: Edison Electric Systems is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's

Edison Electric Systems is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected NPV can be negative, in which case it will be rejected.

WACC = 10%

Year: 0 1 2 3

Cash flows: -$1,000 $450 $460 $470

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