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The cash flows for a project are as follows: initial cost of $1,200,000, C 1 = -300,000, C 2 = 400,000, C 3 = 500,000,
The cash flows for a project are as follows: initial cost of $1,200,000, C1 = -300,000, C2 = 400,000, C3 = 500,000, C4 = 600,000, C5 = 700,000. If the company uses the NPV method of capital budgeting, should they take the project? Show your calculation and explain your answer.
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