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Problem 1 A project pays $1,200,000 in one year, requiring an initial investment of $900,000. The cost of capital is 20%. Calculate the NPV of

Problem 1 A project pays $1,200,000 in one year, requiring an initial investment of $900,000. The cost of capital is 20%. Calculate the NPV of the project. A) $0 B) $100,000 C) $120,000 D) $240,000 E) $1,000,000

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