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Longhorn.inc is considering investing in a new project. The project will need an initial investment of $1,200,000 and will generate $1,500,000 cash flow next year.

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Longhorn.inc is considering investing in a new project. The project will need an initial investment of $1,200,000 and will generate $1,500,000 cash flow next year. The shareholders of Longhorn.inc have determined 6% is an appropriate risk premium for this investment. If current risk free rate is 5%, what is the project's NPV

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