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Assume an Investment costing $3.5 million will earn $1 milion a year for seven years, $250,000 for the eighth year and $5 million in the
Assume an Investment costing $3.5 million will earn $1 milion a year for seven years, $250,000 for the eighth year and $5 million in the ninth year. If the discount rate is 11.5%, what is the NPV of this project? Will you accept or reject the project? Multiple Choice $3,018,823.43; Accept $3,118,823.43; Accept $3,218,824.43; Accept $0: Accept
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