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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 is

9 % .

What is the NPV of the

project?

Present value of an ordinary annuity of

1

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