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Corp is considering a new 3 year expansion that requires initial investment of $2.52 million. The fixed asset will depreciate (straight line) to zero over

Corp is considering a new 3 year expansion that requires initial investment of $2.52 million. The fixed asset will depreciate (straight line) to zero over its 3 year life, and then be worthless. Annual sales estimated at $2,020,000 with costs of $715,000. Tax rate 30% and required return 16%. What is the NPV?

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