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A project requires an initial investment of $2,100,000, and produces an annual inflow of $500,000 at the end of years 1 - 7, and an

A project requires an initial investment of $2,100,000, and produces an annual inflow of $500,000 at the end of years 1 - 7, and an inflow of $700,000 at the end of year 8. What is the NPV of this project using a discount rate of 12%?

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