Define what is the project''s net present value

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East Coast Television is considering a project with an initial outlay of $X (you will have to determine this amount). It is expected that the project will produce a positive cash flow of $50,000 a year at the end of each year for the next 15 years. The appropriate discount rate for this project is 10 percent. If the project has a 14 percent internal rate of return, what is the project's net present value?

Reference no: EM13215567

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