A 30 year project is estimated to cost $35 million and provide annual cash flows of $5 million per year in years 1-5; $4 million per year in years 6-20 and $2 million per year in years 21-30. If the
Company's required rate of return is 10%, determine the NPV.
A) $0.67 million
B) $1.67 million
C) $2.67 million
D) $3.67 million
E) $4.67 million
Correct Answer:
Verified
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