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You are the head of the project selection team at Broken Arrows records. Based on the past history, Broken Arrow expects a rate of

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You are the head of the project selection team at Broken Arrows records. Based on the past history, Broken Arrow expects a rate of return of 16 percent. Your financial advisor predict inflation to remain at 4 percent into the foreseeable future. Your team is considering the following project. Calculate the NPV for the project. Record your calculations to four decimal places. Project Name: Time Fades Away Year 0 1 2 3 4 LO 5 Investment Revenue Stream $600,000 0 600,000 75,000 20,000 15,000 10,000 Please answer in details for each step and formula needed.

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