LakeCraft is considering investing in a cruise ship with an expected life of 15 years that...

 

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LakeCraft is considering investing in a cruise ship with an expected life of 15 years that costs $55 million and will produce net cash flows of $8 million per year. LakeCraft's cost of capital is 10%. Enter your answers rounded to 2 DECIMAL PLACES. What is the payback period? Number What is the net present value (NPV) of the project? Number million (Enter your answer in millions of dollars) LakeCraft is considering investing in a cruise ship with an expected life of 15 years that costs $55 million and will produce net cash flows of $8 million per year. LakeCraft's cost of capital is 10%. Enter your answers rounded to 2 DECIMAL PLACES. What is the payback period? Number What is the net present value (NPV) of the project? Number million (Enter your answer in millions of dollars)