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LakeCraft is considering investing in a cruise ship with an expected life of 15 years that...

LakeCraft is considering investing in a cruise ship with an expected life of 15 years that costs $135 million and will produce net cash flows of $11 million per year. LakeCraft's cost of capital is 8%. Enter your answers rounded to 2 DECIMAL PLACES.

What is the payback period?

What is the net present value (NPV) of the project?

________million (Enter your answer in millions of dollars)

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jeff jeffy answered 2 years ago
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