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Cortez Art Gallery is adding to its existing buildings at a cost of $1.75 million. The gallery expects to bring in additional cash flows of
Cortez Art Gallery is adding to its existing buildings at a cost of $1.75 million. The gallery expects to bring in additional cash flows of $ 580,000, $700,000, $ 1,000,000, and $ 50,000 over the next four years. Given a required rate of return of 8 percent, what is the NPV of this project? (Do not round intermediate computations Round final answer to nearest dollar)
$97,589
$180,200
$144,255
$197,446
SHOW CALCULATION WITH FINANCIAL FORMULAS. DO NOT USE FINANCIAL CALCULATOR NOR EXCEL.
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