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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 0 1

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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 0 1 2 3 Cash Flow -$34,000 15.000 17.000 13.000 What is the NPV of the project if the required return is 11 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV

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