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Question - Monroe, Inc., is evaluating a project. The company uses a 13.8 percent discount rate for this project. Cost and cash flows are shown in the table.
Year
Project
0
($11,368,000)
1
$2,112,589
2
$3,787,552
3
$3,250,650
4
$4,115,899
5
$4,556,424
Required - What is the NPV of the project?
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