A retail coffee company is planning to open 105 new coffee outlets that are expected...

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Finance

A retail coffee company is planning to open 105 new coffee outlets that are expected to generate $13.6 million in free cash flows per year, with a growth rate of 2.6% in perpetuity. If the coffee company's WACC is 10.2%, what is the NPV of this expansion?
The present value of the free cash flows is $______million.(Round to two decimal places.)

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