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A company can purchase a piece of equipment for $3,930.The equipment has a three-year life and will produce cash inflows of $1,250 in each of

A company can purchase a piece of equipment for $3,930.The equipment has a three-year life and will produce cash inflows of $1,250 in each of the first and second years and $2,890 in the third year.Assuming a required return of 14.25%, what is the project's NPV today?

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