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Modena Art Gallery is adding to its existing buildings at a cost of $3 million. The gallery expects to bring in additional cash flows of
Modena Art Gallery is adding to its existing buildings at a cost of $3 million. The gallery expects to bring in additional cash flows of $820,000,$900,000, and $1,200,000 over the next three years. Given a required rate of return of 9 percent, what is the NPV of this project? (Round to nearest dollar) Select one: A. $1,802,554 B. $197,446 C. $517,041 D. $1,802,554
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