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Calculate the Net Present Value (NPV) of a venture investment in an aircraft, with the following parameters: Initial investment of the venture = USD 10,000,000.

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Calculate the Net Present Value (NPV) of a venture investment in an aircraft, with the following parameters: Initial investment of the venture = USD 10,000,000. Period of investment = 6 years Investment cash flow = USD 4,200,000 at the end of each year The aircraft is sold at the end of Year 6 for USD 686028. The discount rate is 16%. Calculate the NPV, rounding off to 2 decimal places. Use the following formula: CF2 CF3 + + + ... + (1 + k)2 (1 + k)3 CF (1+k)' CFO CF NPV=- + (1+k)(1+k) CF NPV= (1 + k)? (t=0) n1 where: CF = = the expected net cash flow at period t n = the number of years k= the project's discount rate Enter your answer in the box below, in figures only

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