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A project in Guatemala has initial costs of $25 million, but is expected to have a low salvage value. Over the next four years, the

A project in Guatemala has initial costs of $25 million, but is expected to have a low salvage value. Over the next four years, the project will generate total operating cash flows of $24 million, measured in todays dollars using a required rate of return of 15 percent. What salvage value does the company need in order to break-even on this project?

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