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Amalgamated Industries is considering a 4 - year project. The project is expected to generate operating cash flows of $ 1 1 million, $ 1

Amalgamated Industries is considering a 4-year project. The project is expected to generate operating cash flows of $11 million, $14 million, $16 million, and $9 million over the four years, respectively. It will require initial capital expenditures of $41 million dollars and an intitial investment in NWC of $24 million. The firm expects to generate a $11 million after tax salvage value from the sale of equipment when the project ends, and it expects to recover 100% of its nwc investments. Assuming the firm requires a return of 10% for projects of this risk level, what is the project's NPV?
$(1,356,123)
$(1,410,368)
$(1,383,246)
$(1,315,440)
$(1,423,929)
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