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A company is considering a 2-year project with the following cash flows: . Initial investment: $900 . Cash inflow, year 1: $530 Cash inflow, year

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A company is considering a 2-year project with the following cash flows: . Initial investment: $900 . Cash inflow, year 1: $530 Cash inflow, year 2: $880 Salvage value, year 2: $260 The company uses straight-line depreciation to depreciate the initial investment cost. In other words, annual depreciation is (inicial investment - salvage value)/2. The company's discount rate is 11%. What is the Net Present Value of this project? (Use the present values tables at the beginning of the exam for any present value calculations. Don't round intermediate calculations. Round your final answer to the nearest dollar.) 503.21

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