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Binder Corp. has invested in new machinery at a cost of $1,450,000. This investment is expected to produce cash flows of $640,000, $715,250, $823,330, and
Binder Corp. has invested in new machinery at a cost of $1,450,000. This investment is expected to produce cash flows of $640,000, $715,250, $823,330, and $907,125 over the next four years, respectively. If Binders WACC is 8% while their cost of debt is 6% and their cost of equity is 10%, what is the NPV of this project? (Round your answer to the nearest dollar.)
NOTE: It's asking for the NPV!
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