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Capital investment: BEB is planning the construction of a new loading ramp for its single mill. The initial cost of the investment is $ 6

Capital investment: BEB is planning the construction of a new loading ramp for its single mill. The initial cost of the investment is $600,000, followed by an investment of $200,00010 years later and another investment of $200,00020 years later and finally an investment of $1,000,000 for environmental cleanup at the end of the project 30 years from now. Efficiencies from the new ramp are expected to reduce costs by $50,000 per year (at the end of every year) for the life of the plant, which is currently estimated at 30 years (savings of $50,000 a year from 30 years).
These savings can be assumed to be reinvested at a rate of 9% pa. What is the NPV of the project if BEB has a required rate of return of 7%? Need help calculating the present value of the cash inflow.

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