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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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