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Clyde has the opportunity to purchase a large building for $549,979. He will need to spend additional $117,267 to renovate and convert to an upscale

Clyde has the opportunity to purchase a large building for $549,979. He will need to spend additional $117,267 to renovate and convert to an upscale dinning establishment. He estimates the following after tax cashflows. Year 6 cashflow includes the terminal value of the venture. What is the net present value of the venture if Clyde's cost of capital is 10% (round to the nearest dollar).

Year Cash-flows
1 155,365
2 165,407
3 189,638
4 201,323
5 111,133
6 547,936

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