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A project requires an initial investment of $ 3 0 0 , 0 0 0 and is expected to generate annual revenues of $ 6

A project requires an initial investment of $300,000 and is expected to generate annual
revenues of $60,000 for the next 7 years. Operating expenses are estimated at $20,000
annually. If the discount rate is 5% and the annual inflation rate is 2%, calculate the Net Present
Value (NPV) of the project, adjusting for inflation

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