What is the net present value of the project for lakecraft

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LakeCraft is considering investing in a cruise ship with an expected life of 20 years that costs $135 million and will produce net cash flows of $9 million per year. LakeCraft's cost of capital is 11%. Enter your answers rounded to 2 DECIMAL PLACES.

Question 1: What is the payback period?

Question 2: What is the net present value (NPV) of the project?

Reference no: EM132937843

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