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1. Calculate the net present value (NPV) for a 10-year project with an initial investment of $25,000 and a cash inflow of $7,000 per year.

1. Calculate the net present value (NPV) for a 10-year project with an initial investment of $25,000 and a cash inflow of $7,000 per year. Assume that the firm has an opportunity cost of 17%.

The project's net present value is $_____.

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