Question: Intel is thinking about introducing a new line of chips. Based on Intel's analysis, it estimates the cash flows (in millions) from the new line
Intel is thinking about introducing a new line of chips. Based on Intel's analysis, it estimates the cash flows (in millions) from the new line of chips would be as follows:
Year 0: -17
Year 1: 2
Year 2: 3
Year 3: 5
Year 4: 6
Year 5: 7
Intel has a cost of capital of 12%. What is the NPV of this project? (Enter your answer in millions. i.e. 5.5 million, not 5,500,000)
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