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1. Compute the NPV of the following project. The firm's cost of capital for this project is 5 percent. The project requires an initial investment

1. Compute the NPV of the following project. The firm's cost of capital for this project is 5 percent. The project requires an initial investment of $1 million and it will generate the following cash flows:

400,000

0

400,000

400,000,

700,000,

700,000,

700,000

Please include the 0 do not exclude the 0!!

Please show all work and/or calculator steps!

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