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Ivanhoe, Inc. management is considering purchasing a new machine at a cost of $4,220,000. They expect this equipment to produce cash flows of $829,590, $843,550,
Ivanhoe, Inc. management is considering purchasing a new machine at a cost of $4,220,000. They expect this equipment to produce cash flows of $829,590, $843,550, $1,000,030, $1,089,700, $1,301,160, and $1,137,700 over the next six years. If the appropriate discount rate is 15 percent, what is the NPV of this investment? (Enter negative amounts using negative sign e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, e.g. 1,525.)
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