You are evaluating a project with the following expected cash flows: an initial investment of $10 million, followed by cash flows of $4, $7 and $18 million in years 1, 2 and 3, respectively. If the company's discount rate is 10%, what is this projects NPV? Enter your answer in millions of dollars, with no decimals. For example, if your answer is 12.3456, that is $12 million , so just enter 12.

Answer rating: 100% (QA)

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