A new boutique line is expected to cost 25 million in


A new boutique line is expected to cost $25 million in initial investment. It is estimated that the business will generate $7 million after-tax cash flow each year, for the next 5 years. At the end of 5 years it can be sold for $15 million. What is the NPV (Net Present Value) of the project at a discount rate of 7%?

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Financial Management: A new boutique line is expected to cost 25 million in
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