Question: Cli, incorporated, invests $850,000 in a project expected to earn a 15% annual rate of return. The earnings will be reinvested in the project each

Cli, incorporated, invests $850,000 in a project expected to earn a 15% annual rate of return. The earnings will be reinvested in the project each year unth the entire investment is liquidated 12 years later. What will the cash proceeds be when the project is liquidated? (PV of S1. EV of \$1. PVA of \$1, and EVA of \$1) (Use appropriate factor(s) from the tables provided. Round your "PV of a single amount" to 4 decimal places and final answer to the nearest whole dollar.)

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