You work for a cellphone manufacturing company that has developed a new product. The new cellphone production will last

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You work for a cellphone manufacturing company that has developed a new product. The new cellphone production will last

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You Work For A Cellphone Manufacturing Company That Has Developed A New Product The New Cellphone Production Will Last 1
You Work For A Cellphone Manufacturing Company That Has Developed A New Product The New Cellphone Production Will Last 1 (28.69 KiB) Viewed 41 times
You work for a cellphone manufacturing company that has developed a new product. The new cellphone production will last for 9 years. You expect that sales from the new product will generate cash flows of $16.7 million from the first year and that this amount will grow at a rate of 2.8% per year for the next 9 years. If the cost of capital is 6.7% per year, what is the present value of 9 producing this cellphone? Round your answer to the nearest whole number. Answer:
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