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Third State Bank wants to add a new branch office. It has determined that the...

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Accounting

Third State Bank wants to add a new branch office. It has determined that the cost of construction of the new facility will be $1.5 million with another $500,000 in organizational costs. The bank has estimated that it will generate $319,522 per year in net revenues for 20 years. If Third State requires a 17% return on its money, what is this project's net present value?

(Please provide all calculations for this question, will leave a thumbs up if correct)

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