A project will incur the cash flows

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A project will incur the following cash flows:

An initial cost of 1 million, an annual cost of 40,000 starting the end of year 4 and runing through the end of year 10, and a receipt of 200,000 at the end of the years 1thru3 and 5 thru 10. The MARR is 10%. Draw the cash flow diagram for this project and calculate the future worth of the project at the end of year 5.

Reference no: EM13918004

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