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A perpetual project requires an initial investment of $14,991 and is financed, in part, with perpetual debt of $4,690 at 9%. It generates annual cash

A perpetual project requires an initial investment of $14,991 and is financed, in part, with perpetual debt of $4,690 at 9%. It generates annual cash flows of $1,782. If the levered cost of equity is 11% and the tax rate is 32%, what is the net present value of the project?

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