A firm is considering an investment opportunity. The firm’s cost of capital for this project is 11%. The project will re

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A firm is considering an investment opportunity. The firm’s cost
of capital for this project is 11%. The project will require
an initial investment of $9 million and it will generate cash
flows $844,788 in the first year and $1,079,090 in the
second year. After that, the cash flow will grow at 2.1%
annually forever. What is the NPV of this project?
Answer format:
two decimals, round up