Question: Question 9 3 points Save Answer SeaCruises plc is evaluating the purchase of a new ship. The ship would cost 30 million upfront to purchase,

 Question 9 3 points Save Answer SeaCruises plc is evaluating the

Question 9 3 points Save Answer SeaCruises plc is evaluating the purchase of a new ship. The ship would cost 30 million upfront to purchase, and it would operate for 10 years. The net cash flows from operating the ship are expected to be 5 million at the end of the first year, and to grow at 2% per year. At the end of 10 years, the ship will be sold for an expected value of 50 million. The company's cost of capital is 5% per year. What is the Net Present Value of this investment, in million? O A. 41.94 million B. 73.33 million O C. 42.64 million D. 72.64 million L A Moving to another question will save this response. Question 9 of 10

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