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Mr. Gregory White
Mr. Gregory White, Master's Degree
Category: Single Problem
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Experience:  M.A., M.S. Education / Educational Administration
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Archer Daniels Midland Company is considering buying a new

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Archer Daniels Midland Company is considering buying a new farm that it plans to operate for 10 years. The farm will require an initial investment of $12.00 million. This investment will consist of $2.00 million for land and $10.00 million for trucks and other equipment. The land, all trucks, and all other equipment is expected to be sold at the end of 10 years at a price of $5.00 million, $2.00 million above book value. The farm is expected to produce revenue of $2.00 million each year, and annual cash flow from operations equals $1.80 million. The marginal tax rate is 35 percent, and the appropriate discount rate is 10 percent. Calculate the NPV of this investment. (Round intermediate calculations and final answer to 2 decimal places, e.g. 15.25.)NPV $The project should be .
Submitted: 10 months ago.
Category: Single Problem
Expert:  Mr. Gregory White replied 10 months ago.

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