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4. A capital investment will cost $1,000,000 and will be depreciated straight-line to $0 over the investment's 20-year useful life. The investment is expected to

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4. A capital investment will cost $1,000,000 and will be depreciated straight-line to $0 over the investment's 20-year useful life. The investment is expected to produce $700,000 in revenues for the first 10 years and will increase to $750,000 in the final 10 years. Cash expenses (.e., variable costs plus fixed costs) will be 20% of revenues. Assuming a tax rate of 21% and a discount rate of 10%, what is the NPV of the investment? List your answer in the space below

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