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The Tiger Woods Golf Resort is redoing its golf course at a cost of $ 2 , 7 4 4 , 3 2 0 .

The Tiger Woods Golf Resort is redoing its golf course at a cost of $2,744,320. It expects to generate cash flows of $1,223,445, $2,007,812, and $3,147,890 over the next three years. If the appropriate discount rate for the firm is 14 percent, what is the NPV of this project? (Do not round intermediate computations. Round final answer to nearest dollar.)

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