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You have been asked to analyze a capital investment proposal. The project's cost is $2,775,000 . Cash inflows are projected to be $925,000 in Year

You have been asked to analyze a capital investment proposal. The project'scost is $2,775,000. Cash inflows are projected to be$925,000in Year 1;$1,000,000in Year 2;$1,000,000in Year 3;$1,000,000in Year 4; and$1,225,000in Year 5. Assume that your firm discounts projectsof similar riskat15.5%. What is the project'sNPV?

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