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Bank of San Antonio is considering adding a new branch bank. It knows that it will cost $2.5 million to build the branch and bank

Bank of San Antonio is considering adding a new branch bank. It knows that it will cost $2.5 million to build the branch and bank believes that it will generate $214,526 per year for the next 7 years. Bank of San Antonio requires a return of 10% on all new projects it undertakes. What is this project's net present value? (Round to the nearest $100)

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