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A company is evaluating an expansion. This capital investment will require a cash outflow today of $5,000,000.00. The company estimates that the investment will pay

A company is evaluating an expansion. This capital investment will require a cash outflow today of $5,000,000.00. The company estimates that the investment will pay out a cash flow of $750,000 per year for the next 10 years, and then nothing after. The risk adjusted discount rate required on this project is 6%. Calculate the net present value of this investment. Round to 2 decimals.

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