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In: Finance

You are evaluating a project with the following cash flows: initial investment is $-23, and the  expected...

You are evaluating a project with the following cash flows: initial investment is $-23, and the  expected cash flows for years 1 - 3 are $12, $9 and $8 (all cash flows are in millions of dollars). What is this projects NPV? The company's WACC is 9%.

Express your answer in millions of dollars, rounded to 2 decimals and without the dollar sign. So, if your answer is 23.5678, just enter 23.57.

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