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A firm considers a project that requires $ 1 0 0 , 0 0 0 investment today ( at t = 0 ) , generates

A firm considers a project that requires $100,000 investment today (at t=0), generates $55,000 cash flow at t=1, $45,000 cash flow at t=2, requires an additional investment that results in negative cash flow of -$10,000 at t=3, and generates $50,000 cash flow at t=4. The firm's cost of equity is 18%, the cost of debt is 6% and WACC is 14%. The firm wants to use the NPV criterion to decide whether to invest in this project. Find NPV.

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