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A firm is considering an investment opportunity. The firms cost of capital for this project is 11%. The project will require an initial investment of

A firm is considering an investment opportunity. The firms cost of capital for this project is 11%. The project will require an initial investment of $8 million and it will generate cash flows $933,717 in the first year and $1,060,796 in the second year. After that, the cash flow will grow at 1.9% annually forever. What is the NPV of this project?

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