18. FINA Corp. is considering a project to expand its business in auto parts. This...
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18. FINA Corp. is considering a project to expand its business in auto parts. This project has an initial cost of $10M, a cash flow of $2M in the first year, and a growth rate of 5% per year. The last cash flow from this project happens in the sixth year. What is the NPV of this project? a) -$0.66M b) $0.14MM c) $0.59M d) $1.38M
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