Do you include initial investment in NPV calculation?

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  2. #flows
  3. #since
  4. #included
  5. #instead
  6. #investment
  7. #series
  8. #future
  9. #negative
  10. #discount
  11. #calculates
  12. #using
  13. #result
  14. #present
  15. #initial
  16. #added
  17. #value