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Jenkins Corporation is investing in a new piece of equipment at a cost of $6 million. The project is expected to generate annual cash flows

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Jenkins Corporation is investing in a new piece of equipment at a cost of $6 million. The project is expected to generate annual cash flows of $1,850,000 over the next five years. The firm's cost of capital is 12 percent. What is the project's NPV? (Do not round intermediate computations. Round final answer to nearest dollar.) O $152,194 $261,008 $668,836 $351.097

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