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A company is considering a new investment project with the following cash flow estimates: Year 0 : Initial Investment = - $ 1 , 0

A company is considering a new investment project with the following cash flow estimates: Year 0: Initial Investment =-$1,000,000 Year 1: Cash Inflow = $400,000 Year 2: Cash Inflow = $600,000 Year 3: Cash Inflow = $800,000 Year 4: Cash Inflow = $1,000,000 The company's required rate of return for this project is 15%. What is the NPV(Net Present Value) of the project?

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