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A building is available for sale for $5 million. The property is derelict and must be destroyed at a cost of $ 3 million. The State of Florida wants the property to building an inner city detention center and has an allocated budget for the land of $12 million. It will take one year to demolish and clear out the property and another year to sell and transfer the building to the State.

The cost of capital is 10 %.

Calculate the NPV

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91619440

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