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bank 1 is considering adding a new branch bank. They know that it will cost $1.25 million to build the branch and they believe that

bank 1 is considering adding a new branch bank. They know that it will cost $1.25 million to build the branch and they believe that it will generate $220,000 per year for the next 30 years. bank 1 requires a return of 10% on all new projects it undertakes. What is this projects net present value?

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