QUESTION 3 You start to plan a big project. The initial purchase of the land and...

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QUESTION 3 You start to plan a big project. The initial purchase of the land and materials will cost $90 million today. The project will generate $15 million of income per year for the next 12 years. At the end of the 12 th the land (Hint: CF in year 12=- $5 million). The IRR equals 0% 11.42% year, you will need to spend $20 million to restore 12.35% 7.29% QUESTION 3 You start to plan a big project. The initial purchase of the land and materials will cost $90 million today. The project will generate $15 million of income per year for the next 12 years. At the end of the 12 th the land (Hint: CF in year 12=- $5 million). The IRR equals 0% 11.42% year, you will need to spend $20 million to restore 12.35% 7.29%