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Company M is considering whether to purchase a new store. The store costs $2,500,000 today. The store will generate net cash inflows of $400,000 at

Company M is considering whether to purchase a new store. The store costs $2,500,000 today. The store will generate net cash inflows of $400,000 at the end of each year for the next 20 years. At the end of 20 years, it is expected that the store can be sold for $700,000. The appropriate interest rate is 14%. What is the NET PRESENT VALUE of the store purchase?

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