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Company ABC is considering an investment project that requires an initial outlay of $500,000 and is expected to generate cash inflows of $150,000 per year

Company ABC is considering an investment project that requires an initial outlay of $500,000 and is expected to generate cash inflows of $150,000 per year for five years. If the discount rate is 10%, calculate the NPV of the project and advise whether the company should proceed with the investment.

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