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1) A project has an initial cost of $65,000, expected net cashinflows of $13,000 per year for 9 years, and a cost of capital of13%.

1) A project has an initial cost of $65,000, expected net cashinflows of $13,000 per year for 9 years, and a cost of capital of13%. What is the project's NPV? (Hint: Begin byconstructing a time lin 2 answers

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