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Calgate Corporation isconsidering a project that has an up-front cost of $2.5 million and is expected to produce a net cash flow of $800,000 at

Calgate Corporation isconsidering a project that has an up-front cost of $2.5 million and is expected to produce a net cash flow of $800,000 at the end of each of the next 4 years. The project's cost of capital is 12%.What is the company's NPV?

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