The Yurdone Corporation wants to set up a private Cemetery business. According to the CFO,...

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Finance

The Yurdone Corporation wants to set up a private Cemetery business. According to the CFO, business is looking up. As a result, the Cemetery project will provide a net cash flow of $164,000 for the firm during the first year, and cash flows are projected to grow at a rate of 5% per year forever. The project requires an initial investment $1,825,000.

If the company requires a return of 12% on such undertakings, What is the NPV of this project.?

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