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A company is considering an iron ore extraction project that requires an initial investment of $ 5 1 0 , 0 0 0 and will

A company is considering an iron ore extraction project that requires an initial investment of $510,000 and will yield annual cash inflows of $152,000 for four years. The company's discount rate is9%. What is the NPV of the project?
Present value of an ordinary annuity of $1:
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