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Calculate the net present value for Procter & Gamble Co.'s new project, which requires an initial investment of $1,000,000 and generates annual cash flows of

  1. Calculate the net present value for Procter & Gamble Co.'s new project, which requires an initial investment of $1,000,000 and generates annual cash flows of $300,000 for 5 years. The discount rate is 10%.

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