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An asset has an initial capital investment of $4 million. Its terminal value at the end of a 9-year life is - $2 million (i.e.

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An asset has an initial capital investment of $4 million. Its terminal value at the end of a 9-year life is - $2 million (i.e. it costs more to dispose of this asset than it is worth in the marketplace). The MARR is 11% per year. What is the capital recovery amount of this asset? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 11% per year. The capital recovery amount is $ million. (Round to three decimal places.)

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