One project has a initial cost of 1000000, in year 1, the depreciation is 100000, expected earning is 123435, in year 2, the depreciation is 100000,

One project has a initial cost of 1000000, in year 1, the depreciation is 100000, expected earning is 123435, in year 2, the depreciation is 100000, expected earning is 156745, assume requires return is 11%, what is the value of this project?

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