Question: Consider a project with an initial investment (today, t = 0) of $620,000. This project will generate cash flows of $125,000 per year for the

Consider a project with an initial investment (today, t = 0) of $620,000. This project will generate cash flows of $125,000 per year for the next 10 years, after which the remaining assets will be sold for scrap for $10,000 (at t=10). What is the net present value (NPV) of the project under a 12.0% discount rate? There are no taxes to consider. Answer with a number rounded to three decimal places.

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