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Maggie's Resorts expansion project to increase the number of bungalows on its property had the following information: Maggie's Resorts Initial Investment $8,015,000 Residual Value $1,044,000

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Maggie's Resorts expansion project to increase the number of bungalows on its property had the following information: Maggie's Resorts Initial Investment $8,015,000 Residual Value $1,044,000 Average annual cash inflow $1,327,200 Discount rate 12% Useful life of expansion in years 14 Present value factor of an annuity of $1 1- (1 + r)" Annuity Factor wherer rate, and # of periods. r Present Value Factor of $1 1 PVE = (1 + r)" where PVF = Present Value Factor, r = rate, and n = # of periods (Round your answers to two decimal places when needed and use rounded answers for all future calculations) Maggie's Resorts Net Cash Inflow Annuity PV Factor PV Factor Present Value PV of annuity PV of residual value Total PV of net cash inflows Initial Investment NPV of the Project

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