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M.V.P. Games, Incorporated, has hired you to perform a feasibility study of a new video game that requires an initial investment of $6.4 million. The
M.V.P. Games, Incorporated, has hired you to perform a feasibility study of a new video game that requires an initial investment of $6.4 million. The company expects a total annual operating cash flow of $1.22 million for the next 9 years. The relevant discount rate is 10 percent. Cash flows occur at year-end. a. What is the NPV of the new video game? (Do not round intermediate calculations and enter your answer in dollars, not
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