Fresh's Grocery Stores, Ltd is considering the purchase of one of two large structures of similar layout and area in the middle of a commercial...
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c. One of the managers visited the identical structure next door and learned that the business operating it

pays $29 million in rent per year, based on a 20- year contract. With that piece of information, she corrects the mistake committed in part a by assuming Freshe's will rent the store rather than buy it. The side effect of this calculation will be losing from the FCF the tax benefit of depreciation expense (0.25*Dep). Assuming the growth rate in FCF stays at 9%, calculate the new NPV that she should obtain for the project based on this last information

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