The Lilly Clinic is looking at spending $2,100,000 on a new 4T MRI.
The equipment has a estimated useful life of 6 years and would require
spending an additional $300,000 for installation and shielding.
Anticipated annual cash inflows are $1,000,000 and incremental outflows
are $700,000 (includes labor, nonlabor & depreciation Expense).
This results in anticipated annual profits of $300,000.
Assuming the Clinic uses a discount rate of 12%, what is the projects NPV?