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3A: A project has an initial outlay of $3,166. It has a single payoff at the end of year 5 of $9,614. What is the

3A:

A project has an initial outlay of $3,166. It has a single payoff at the end of year 5 of $9,614. What is the net present value (NPV) of the project if the companys cost of capital is 9.42 percent?

Round the answer to two decimal places.

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