A company is considering expanding its facilities. This would create an increase in after-tax net...
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A company is considering expanding its facilities. This would create an increase in after-tax net cash flow of $1.5 million annually for 20 years. The expansion would require a capital investment (an initial outlay) of $6 million today, and another $2.3 million one year from now. If the appropriate cost of capital is 13%, what is the NPV of this project? Please enter your answer in MILLIONS of dollars (without the $ sign) to two decimals, Example: 3.61
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