You are evaluating a project with the following cash flows: initial investment is $-17, and the expected cash flows for years 1 - 3 are $7, $20 and $19 (all cash flows are in millions of dollars). What is this projects NPV? The company's WACC is 11%. Express your answer in millions of dollars, rounded to 2 decimals and without the dollar sign.

Answer rating: 100% (QA)

To calculate the net present value NPV of the project we need to disc... View the full answer