Break-even Salvage Value. A project in Malaysia costs $4 million. Over the next 3 years, the project

Question:

Break-even Salvage Value. A project in Malaysia costs $4 million. Over the next 3 years, the project will generate total operating cash flows of $3.5 million, measured in today’s dollars using a required rate of return of 14 percent. What is the break-even salvage value of this project?

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