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Hakkaburton Mines is considering the purchase of new mining equipment. The equipment will cost $1,500,000...

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Accounting

Hakkaburton Mines is considering the purchase of new mining equipment. The equipment will cost $1,500,000 and will produce added cash flows of $400,000 per year over its 5-year life. The disposal value is expected to be $20,000. The company has a required rate of return of 10%. What is the NPV of the project?

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