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XYZ Corporation is considering an investment project that requires an initial investment of $1,500,000. The project is expected to generate cash inflows of $400,000 per

XYZ Corporation is considering an investment project that requires an initial investment of $1,500,000. The project is expected to generate cash inflows of $400,000 per year for the next six years. The corporation's required rate of return is 10%. However, the corporation is also considering delaying the investment by one year. If they delay, the initial investment will be $1,800,000, but the cash inflows will increase to $450,000 per year for the next six years. Which option should the corporation select using the net present value (NPV) method?

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