Question: Can someone show how to solve this question with a step by step explanation in Excel? Thank you! Question: You would like to develop an

Can someone show how to solve this question with a step by step explanation in Excel? Thank you!

Question: You would like to develop an office building. Your analysts forecast that it will cost you $1,000,000 immediately (time 0), and it will cost you $500,000 in one year (time 1). They forecast you can sell the building for $2,400,000 in two years (time 2). If your discount rate is i=5%, what is the net present value of this investment?

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