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A project requires an initial investment of $1 million right now, and returns 11 payments of $0.3 million over the next 11 years. First payment

A project requires an initial investment of $1 million right now, and returns 11 payments of $0.3 million over the next 11 years. First payment is next year. What is the NPV of this project if the appropriate cost of capital is 7%

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