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The following data pertain to an investment that is being considered by the management of...

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Accounting

The following data pertain to an investment that is being considered by the management of River Electrical Supply:

Discount Rate 10%

Project Life 10 years

Cost of the Investment $1,200,000

Annual Cash Inflows $240,000

Estimated Salvage Value 0

Question:

What is the net present value of this investment? (Show your work)

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