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QUESTION
Project M requires an initial investment of $22.5 millions. The project is expected to generate $2.25 millions in after-tax cash flows each year...
Project M requires an initial investment of $22.5 millions. The project is expected to generate $2.25 millions in after-tax cash flows each year forever. If the weighted average cost of capital (WACC) is 9% calculate the NPV of the project. Please show your work.
