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Remix Ltd has made an initial investment of R 1 0 0 0 0 0 0 in a new project. The firm s cost of

Remix Ltd has made an initial investment of R1000000 in a new project. The firms cost of capital is 13%. The investment is expected to generate the following cash inflows over the next five years:
Year 1: R 50000
Year 2: R 60000
Year 3: R 70000
Year 4: R400000
Year 5: R500000
The Net present value (NPV) is ...

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