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The Kyler Murray Company is investing in a new piece of equipment at a cost of $6 million. The project is expected to generate
The Kyler Murray Company is investing in a new piece of equipment at a cost of $6 million. The project is expected to generate annual cash flows of $1,850,000 over the next six years. The firm's cost of capital is 19 percent. What is the project's NPV? (Do not round intermediate computations. Round final answer to nearest dollar.)
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
