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(1 point) (Exam FM Sample Problem 147) Company X received the approval to start a project which requires an investment of 1000 to be made

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(1 point) (Exam FM Sample Problem 147) Company X received the approval to start a project which requires an investment of 1000 to be made at the beginning of the year. The cash flows for the project are as follows: The company uses an annual effective interest rate of 4% to discount its cash flows. Determine the net present value of the project. ANSWER =

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