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Modern Federal Bank is setting up a brand-new branch. The cost of the project will be $1.2 million. The branch will create additional cash flows
Modern Federal Bank is setting up a brand-new branch. The cost of the project will be $1.2 million. The branch will create additional cash flows of $235,000,$412,300,$665,000 and $875,000 over the next four years, respectively. The firm's cost of capital is 12%. What is the NPV on this branch expansion? (Do not round intermediate computations.)
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