Question: Thomas Green is using net present value (NPV) when evaluating investment opportunities. His required rate of return is 11.33 percent. The investment will produce the

Thomas Green is using net present value (NPV) when evaluating investment opportunities. His required rate of return is 11.33 percent. The investment will produce the same after-tax cash inflows of $428,464 per year at the end of the year for 7 years. What is the NPV of a investment opportunity if the initial cost is $2,307,429?

Round the answer to two decimal places.

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