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You are considering an investment opportunity that requires an initial investment of $90 million today....

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Finance

You are considering an investment opportunity that requires an initial investment of $90 million today. One year from now, it will pay $15 million, and the payments will grow by 2% every year after that forever (i.e. in perpetuity). The cost of capital is 14%. What is the NPV? Give your answer in millions of dollars (not in dollars), to one and only one decimal place, and with no dollar sign. For example, 6.2, 18.9 or 47.6

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