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1 1 . Zipper Levi Inc is evaluating an investment with the following information: Initial investment at time t = 0 is $ 1 ,

11. Zipper Levi Inc is evaluating an investment with the following information:
Initial investment at time t=0 is $1,600,000
Life of project is 11 years
Initial investment depreciated to $0 via straight-line over entire life
NWC investment required = $0.00
Expected market salvage value of investment assets = $0.00
Starting 1-year from today, and remaining constant over project life:
Incremental sales as a result of investment = $1,400,000/ year
Incremental expenses as a result of investment = $1,000,000/ year
firm' tax rate =27%
required return on investment =15.2% APR compounded annually
What is the NPV of this investment?
Enter answer in dollars, rounded to the nearest dollar.

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