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Your firm is considering a project that will cost $3 million upfront, generate cash flows of $3.5 million per year for the next three years

Your firm is considering a project that will cost $3 million upfront, generate cash flows of $3.5 million per year for the next three years and then cash flows of $5 million in the fourth year. Finally, the project will have a cleanup and shutdown cost of $8 million in the fifth year.

If the cost of capital is 10%, what is the NPV?

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