A company is considering an iron ore extraction project which requires an initial investment of $500,000 and will yield annual cash flows of $150,000 for 4 years. The company's hurdle rate is 9%. What is the NPV of the project? 
Definitions:
Contracted Out
The process of hiring external organizations or individuals to perform services or tasks rather than using in-house resources.
Organizational Uncertainty
Refers to the lack of predictability and clarity regarding the future direction, decisions, and actions within an organization.
Strategic Contingency
The concept that organizational strategies must be adaptable to current and foreseeable conditions to ensure effectiveness.
Crucial Impact
A significant effect or influence that is essential to the outcome or success of a process or event.
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