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Youve been asked to evaluate a project. Your estimates say that the first cashflow of $120k will occur one year from today. You believe the

Youve been asked to evaluate a project. Your estimates say that the first cashflow of $120k will occur one year from today. You believe the cashflows will increase by 4% per year for 4 additional years. After that point, the cashflows will remain the same for 5 years. The upfront cost to take the project is $950k, and the appropriate discount rate is 6%. What is the projects NPV?

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