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Suppose a project has a $2,000,000 net investment and net cash flows (NCFs) of $700,000 annually for 7 years. If the investor's required rate of
Suppose a project has a $2,000,000 net investment and net cash flows (NCFs) of $700,000 annually for 7 years. If the investor's required rate of return is 10%, what is the NPV of this project?
1. $1,407,893, 2. $653,555, 3. $2,407,893, 4. $1,653,555
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