A proposed project will cost an estimated $2.2 billion to construct and will produce estimated OCF of $300 million a year for 15 years. At the end of 15 years, the factory will be torn down at an estimated TCF of -$900 million. Calculate the projects expected NPV using a discount rate of 12%.
NPV is $614,500
NPV is -$321,167
NPV is -$485,555
NPV is -$1,056,741