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A project X , is expected to generate a cash flow of $40,000 each month for 12 months. Assume that the salvage value of the 

A project X , is expected to generate a cash flow of $40,000 each month for 12 months. Assume that the salvage value of the project is zero. The target rate of return is 12% per annum. If the Net Present Value (NPV) for the project is $ 280000, Find the initial investment for the project X.

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