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Billman Corporation has an investment opportunity that would require an up-front investment of $7,000,000 in...

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Accounting

Billman Corporation has an investment opportunity that would require an up-front investment of $7,000,000 in assets and would bring in additional revenues of $3,000,000 each year for 4 years. The assets could be sold at the end of 4 years for $400,000. Billman has a tax rate of 30%, and a required rate of return of 14%.

Calculate NII, ACF and TCF and then the NPV of the investment opportunity.

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