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Please follow and solve the steps. Thnk you 2- A company is considering an iron ore extraction project that requires an initial investment of $508,000

Please follow and solve the steps. Thnk you
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2- A company is considering an iron ore extraction project that requires an initial investment of $508,000 and will yield annual cash inflows of $156,000 for four years. The company's discount rate is 9%. What is the NPV of the project? Present value of an ordinary annuity of $1

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