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Revolution records will build a new recording studio on a vacant lot next to the operations center. the land was purchased five years ago for

Revolution records will build a new recording studio on a vacant lot next to the operations center. the land was purchased five years ago for $450000. Today the value of the land has appreciated to $780000. revolutionary records did not consider the value of the land in its NPV calculations for the studio project and came up with an NPV of $600000. What is the correct NPV value?

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