Question: Digital Vibes Project Bird-in-Hand project will require an initial investment of R1.5 million and will result in a payment of R2 million from the client

Digital Vibes Project Bird-in-Hand project will require an initial investment of R1.5 million and will result in a payment of R2 million from the client at the end of three years. If the required rate of return is 8%, what is the NPV for this project?

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