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What is the approximate npv of the project

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Turnbull Company is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate end-of-year cash flows of $13 million, $23 million, and 29 million over the next three years. The cost of capital is 20%.

Required:

Problem 1: What is the approximate NPV of this project (round to the nearest million dollars)?

Group of answer choices

Option 1: -$10 million

Option 2: $14 million

Option 3: $16 million

Option 4: $12 million

Reference no: EM132755244

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