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8. A project has the following cash flows: Project Year Cash Flow 0 -$2,996 1 1,000 2 1,000 3 1,000 4 1,000 Its cost of

8. A project has the following cash flows:

Project

Year Cash Flow

0 -$2,996

1 1,000

2 1,000

3 1,000

4 1,000

Its cost of capital is 10 percent. What is the projects Net Present Value?

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