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Builtrite Corporation is investing in a new piece of equipment at a cost of $ 6 million. The project is expected to generate annual cash

Builtrite Corporation is investing in a new piece of equipment at a cost of $6 million. The project is expected to generate annual cash flows of $1,850,000 over the next six years. The firm's cost of capital is 20 percent. What is the project's NPV?
$722,604
$351,097
$152,194
$261,008
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