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Pineapple Co. is considering a project with an initial cost of $4 million. The project will produce cash inflows of $2 million a year for

Pineapple Co. is considering a project with an initial cost of $4 million. The project will produce cash inflows of $2 million a year for five years. The firm has a weighted average cost of capital of 12%. Assume that the project has an average risk level as the whole firm. What is the net present value of the project?

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