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1. A firm can spend $1,000,000 today on a project that will generate $2,000,000 of revenue exactly 10 years from now. Should the firm do

1. A firm can spend $1,000,000 today on a project that will generate $2,000,000 of revenue exactly 10 years from now. Should the firm do this project? Evaluate using the net present value (NPV) criterion and a discount rate of 7%. (This is a simplified question that you must answer; the answer insufficient information is unacceptable.)

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