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Todd receives a proposal to invest into a project which promises him $ 0 K at the end of the first year, $100 K at the end of each year from year 2 to year 5, $200 K at the end of each year from year 6 to year 9,and at the end of of year 10, 20 % of the selling price of the assets. If Todd is investing $ 2 million into the project, what is his minimum expectation for the selling price of the assets of the project at the end of year 10?

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