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3 5 . A project with a net investment of $ 3 , 1 8 0 , 0 0 0 ( today ) will generate

35. A project with a net investment of $3,180,000(today) will generate a cash flow of $640,000 every other year starting in year 1 and lasting forever. Thus, the cash flow in year 1 will be $640,000, the cash flow in year 2 will be $0, the cash flow in year 3 will be $640,000, the cash flow in year 4 will be $0, the cash flow in year 5 will be $640,000, the cash flow in year 6 will be $0, and so on forever. If the appropriate discount rate for this project is 10.25%, what is the projects NPV?

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