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A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows: Year Cash Flows

A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows:

Year Cash Flows

0 -4611

1 1030

2 1939

3 1561

What is the NPV for the project if the required return is 11 percent?

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