Question: The cash flows on a project are expected to be: - $ 1 0 M ( year 0 ) , $ 5 M ( year

The cash flows on a project are expected to be:
-$10M (year 0),
$5M (year 1),
$5M (year 2),
and $5M (year 3).
What is the NPV with a discount rate of r=12%?

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