Question: A project you are considering requires an initial cash outlay of 675,000 for equipment. You expect to spend an additional 45,000 in the first year

A project you are considering requires an initial cash outlay of 675,000 for equipment. You expect to spend an additional 45,000 in the first year to cover costs as the project will produce negligible cash inflows for that year. During years 2 through 6 , you expect to receive cash inflows of 325,000 a year. What is the net present value of this project at a discount rate of 14 percent

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