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A company is considering the purchase of a new document management system that costs $8485 (at year 0). Assume a cost of capital of 4%

A company is considering the purchase of a new document management system that costs $8485 (at year 0). Assume a cost of capital of 4% and the following cash inflow schedule: year 1: $4500, year 2: $2,000, year 3: $3,000. Determine the project's NPV. Your answer should be accurate to 2 decimal places

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