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A project costs $50,000, will be depreciated straight line to zero over its 3 year life, and will require a net working capital investment of

A project costs $50,000, will be depreciated straight line to zero over its 3 year life, and will require a net working capital investment of $10,000 up front and get it back in the end. The project generates OCF of $30,000. The fixed assets sold for $8,000 at the end of the project. If the firm has a tax rate of 35% and a required return of 12%, what is the project NPV?

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