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1) A project has an initial cost of $65,350, expected net cash inflows of $14,000 per year for 11 years, and a cost of capital

1) A project has an initial cost of $65,350, expected net cash inflows of $14,000 per year for 11 years, and a cost of capital of 8%. What is the project's NPV? (Hint: Begin by constructing a timeline.) Do not round intermediate calculations. Round your answer to the nearest cent

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