Find the npv of the project for sea-xplore

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Problem 1: Sea-Xplore is developing a special vehicle for ocean exploration. The development requires investments of $200,000 today, $300,000 in 2 year from today and $400,000 in 4 years from today. Net returns for the project are expected to be $90,000 at the end of the year over the next 15 years. If the company requires a rate of return of 12% compounded annually, find the NPV of the project.

Reference no: EM132763207

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