Question: A man is considering an project that requires a $4,000,000 initial investment, and is expected to provide incremental annual after-tax cash flows (OCF's) of $295,000

A man is considering an project that requires a $4,000,000 initial investment, and is expected to provide incremental annual after-tax cash flows (OCF's) of $295,000 per year for 7 years, starting 1 year from today. If the required return is 9.6% compounded annually, what is the NPV of the project?

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