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A project requires an initial investment of $700,000 depreciated straight-line to $0 in 10 years. The investment is expected to generate annual sales of $400,000

A project requires an initial investment of $700,000 depreciated straight-line to $0 in 10 years. The investment is expected to generate annual sales of $400,000 with annual costs of $120,000 for 10 years. Assume a tax rate of 30% and a discount rate of 15%. What is the NPV of the project?

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