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A project with an initial cost of $600,000 will generate no returns in the first two years of operation and returns of $300,000 per year
A project with an initial cost of $600,000 will generate no returns in the first two years of operation and returns of $300,000 per year in Years 3, 4, and 5. If taxes can be ignored and the required rate of return is 10%, what is the net present value of the project (pick the closest answer)?
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