Question: The New Performance Studio is looking to put on a new opera. The firm figures that the set-up and publicity will cost $400,000. The show

The New Performance Studio is looking to put on a new opera. The firm figures that the set-up and publicity will cost $400,000. The show will go on for 3 years and bring in after-tax net cash flows of $200,000 in Year 1; $350,000 in Year 2; and $50,000 in Year 3. If the firm has a required rate of return of 8% on its investments, what is the NPV of the new show

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