A project costs 10 million at time t0 then pays cash flows


A project costs $10 million at time t=0, then pays cash flows of $1 million per year for 5 years, then the cash flows rise by $1 million per year through year 12. Assuming a WACC of 7%, use the NPV function to find the answer. Write down the equation that is used.

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Financial Management: A project costs 10 million at time t0 then pays cash flows
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