Question: PLEASE DON'T USE EXCEL, TRYING TO LEARN PROCESS Suppose that the manager wants to raise $12M to invest in a project that would provide $4M

PLEASE DON'T USE EXCEL, TRYING TO LEARN PROCESS

Suppose that the manager wants to raise $12M to invest in a project that would provide $4M per year for the next 6 years. Given an 11 percent cost of capital, what is the NPV of the project? Should the manager make this investment? (managers and markets, slide 14)

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