Multiple Choice
Story Company is investing in a giant crane.It is expected to cost $6.0 million in initial investment,and it is expected to generate an end-of-year after-tax cash flow of $3.0 million each year for three years.Calculate the NPV at 12%.
A) $2.4 million
B) $1.2 million
C) $0.80 million
D) $0.20 million
Correct Answer:

Verified
Correct Answer:
Verified
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