A project requires an initial investment of 2000000 and, Finance Basics

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A project requires an initial investment of 2000000 and

Question: A project requires an initial investment of $2,000,000, and produces an annual inflow of $400,000 at the end of years 1 - 7, and an inflow of $600,000 at the end of year 8. What is the NPV of this project using a discount rate of 13%? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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