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X company is thinking about adding a new product line. it is expected that Initial cost 2,780,000 Annual cash inflow 2,540,000 Annual cash outflows 2,260,000

X company is thinking about adding a new product line. it is expected that

Initial cost 2,780,000

Annual cash inflow 2,540,000

Annual cash outflows 2,260,000

Estimated useful life 10 years

Salvage value 4,400,000

discount rate 8%

calculate the net present value of the project

Please explain with details?

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