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Pioneer Limited is planning on investing in a new project. This will involve the...
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Pioneer Limited is planning on investing in a new project. This will involve the purchase of some new machinery costing $7,000,000 immediately. Pioneer Limited expects to receive incremental free cash flows of $3,000,000 at the end of each year for 3 years. Calculate the net present value for this project at a discount rate of 13% p.a.
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