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1. Kailey James Company is evaluating a capital expenditure proposal that requires an initial investment of $30500. The project has predicted cash inflows of $8,000

1. Kailey James Company is evaluating a capital expenditure proposal that requires an initial investment of $30500. The project has predicted cash inflows of $8,000 per year for 10 years, and has no salvage value. Using a discount rate of 12%, determine the net present value of the investment proposal.

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