Question 2 5 pts You are evaluating a project with the following expected cash flows: an initial investment of $7 millio
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Question 2 5 pts You are evaluating a project with the following expected cash flows: an initial investment of $7 millio
Question 2 5 pts You are evaluating a project with the following expected cash flows: an initial investment of $7 million, followed by cash flows of $4, $7 and $24 million in years 1, 2 and 3, respectively. If the company's discount rate is 16%, what is this projects NPV? Enter your answer in millions of dollars (rounded), with no decimals. For example if the answer is 10.895 million, enter 11.