Your company is considering a project that requires an initial investment of $11 million, and is...

 

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Your company is considering a project that requires an initial investment of $11 million, and is expected to produce cash flows of $3 million each year for 10 years. At the end of year 11, the project will require site cleanup that is expected to cost $13 million. What is the project NPV if the company uses 13% as its cost of capital? Enter answer in millions, to two decimal places. Your company is considering a project that requires an initial investment of $11 million, and is expected to produce cash flows of $3 million each year for 10 years. At the end of year 11, the project will require site cleanup that is expected to cost $13 million. What is the project NPV if the company uses 13% as its cost of capital? Enter answer in millions, to two decimal places.

Answer rating: 100% (QA)

Answer NPV IS ONE OF MOST EFFECTIVE TOOL OF CAPITAL BUDGETING OF PROJECT EVALUATION NET PRESENT VALU... View the full answer