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Investment opportunity involves an initial cost of $2.33 million, annual earnings of $300,000, and a salvage...

Investment opportunity involves an initial cost of $2.33 million, annual earnings of $300,000, and a salvage value of $1.25 million at the end of 20 years. This option would also involve one-time maintenance costs of $200,000 in year 10 and $150,000 in year 15. If the assumed annual interest rate is 6%, what is the net present value of the investment?

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