Question: You are evaluating a project with the following expected cash flows: an initial investment of $8 million, followed by cash flows of $2, $9 and

You are evaluating a project with the following expected cash flows: an initial investment of $8 million, followed by cash flows of $2, $9 and $15 million in years 1, 2 and 3, respectively. If the company's WACC is 12%, what is this projects NPV?

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