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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 Flow

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

Year Cash Flow
0 $ 28,400
1 12,400
2 15,400
3

11,400

What is the NPV for the project if the required return is 24 percent?

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