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Green Landscaping, Inc. is using net present value (NPV) when evaluating projects. Green Landscaping's cost of capital is 11.93
percent. What is the NPV of a project if the initial costs are $1,402,510 and the project life is estimated as 6 years? The project will
produce the same after-tax cash inflows of $453,456 per year at the end of the year.
Round the answer to two decimal places.
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- Spring '11