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A company has a minimum required rate of return of 9%. It is considering investing in a project that costs $175,000 and is expected to

A company has a minimum required rate of return of 9%. It is considering investing in a project that costs $175,000 and is expected to generate cash inflows of $70,000 at the end of each year for 3 years. The approximate net present value of this project is _____.

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