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3) The initial outlay or cost is $2,000,000 for a four- year project. The respective future cash inflow for years 1,2,3 and 4 are

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3) The initial outlay or cost is $2,000,000 for a four- year project. The respective future cash inflow for years 1,2,3 and 4 are $900,000, $600,000, $400,000 and $700,000. Calculate the NPV if the cost of capital if 14%?

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