LakeCraft is considering investing in a transport ship with an expected life of 10 years that costs $85 million and will

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LakeCraft is considering investing in a transport ship with an expected life of 10 years that costs $85 million and will

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Lakecraft Is Considering Investing In A Transport Ship With An Expected Life Of 10 Years That Costs 85 Million And Will 1
Lakecraft Is Considering Investing In A Transport Ship With An Expected Life Of 10 Years That Costs 85 Million And Will 1 (46.12 KiB) Viewed 14 times
LakeCraft is considering investing in a transport ship with an expected life of 10 years that costs $85 million and will produce net cash flows of $10 million per year. LakeCraft's cost of capital is 9%. Enter your answers rounded to 2 DECIMAL PLACES. What is the payback period? 8.50 What is the net present value (NPV) of the project? Number million (Enter your answer in millions of dollars)
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