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I need to calculate the net present value assuming a 12% discount rate with the following information: Cash Flows Year 0: $0 Year 1: $2874000
I need to calculate the net present value assuming a 12% discount rate with the following information:
Cash Flows
Year 0: $0
Year 1: $2874000
Year 2: $2874000
Year 3: $2874000
Year 4 $4874000
I came up with $10,000,488. The answer is incorrect. Please advise.
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