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A new permitting center will cost the town $400,000 to build and $25,000 per year to operate, but will yield $125,000 per year in

      

A new permitting center will cost the town $400,000 to build and $25,000 per year to operate, but will yield $125,000 per year in new permit fee revenues. What is the net present value of the project at a discount rate of 3%?

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