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A film is made at a cost of $6 million. After release, it returns $1.1 million at the end of month 1 and $1.2 million
A film is made at a cost of $6 million. After release, it returns $1.1 million at the end of month 1 and $1.2 million at the end of month 2. It returns $500,000 at the end of months 3 and 4. After six months it is sold for online distribution for $2.1 million. Using an interest rate of 6% pa. compounded monthly, what is its net present value? (Give your answer to the nearest dollar)
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