Question: Your company is considering a project that will require an initial cash outlay of $1,000,000. The discount rate is 10%. Expected cash inflows are: Year

Your company is considering a project that will require an initial cash outlay of $1,000,000. The discount rate is 10%. Expected cash inflows are: Year 1: $150,000; Year 2: $250,000; Year 3: $600,000; Year 4: $800,000; Year 5: $840,000. Required: Compute the Net Present Value and determine if you should accept the project. Show work and explain the reason for your decision. (Be sure to use the present value tables that have been provided)

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