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A four - year financial project has estimates of net cash flows shown in the following table. It will cost $ 6 5 , 0

A four-year financial project has estimates of net cash flows shown in the following table. It will cost $65,000 to implement the project, all of which must be invested at the beginning of the project. After the fourth year, the project will have no residual value. Assume that the cash flow estimates for each year are given below and that the hurdle rate is 20 percent. Find the expected NPV of the project.
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