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Gao Enterprises plans to build a new plant at a cost of $3,250,000. The plant is expected to generate annual cash flows of $1,225,000 for the next five years. If the firm's required rate of return is 18 percent, what is the NPV of this project? (Do not round intermediate computations. Round final answer to nearest dollar.)
Vertical
An orientation or direction that goes straight up and down, perpendicular to the horizon.
Gini Coefficient
A gauge for comparing income distribution within a group, starting at 0 for utter equity and peaking at 1 for maximal inequity.
Inequality
Refers to the uneven distribution of resources or opportunities among different groups or individuals within a society.
Gini Coefficient
A measure of income distribution or inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality).
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