ou have just landed your dream summer internship, and your boss asks you to analyze a project

that requires an investment of $$2,000,000,$ to be paid today $($t $=0),$ and is expected to generate a

cash$-$flow of $$300,000$ in the first year $($t $=1).$ The cash$-$flow is then expected to grow at $30\%$ per

year for the next three years $($the last time the cash$-$flow is expected to grow at $30\%$ is from t $=3$ to t

$=4).$

Afterwards, as competition increases, cash$-$flow growth is expected to be only $5\%$ per year in perpetuity.

The cost of capital is $20\%.$ What is the NPV of this project?