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A project ends after 4 years. The after tax salvage value is 12,860 and the released working capital equals 40,000 at the end of the

A project ends after 4 years. The after tax salvage value is 12,860 and the released working capital equals 40,000 at the end of the project. Assume a 9.82% WACC and compute the present value of the terminal cash flows. Round your answer to the second decimal place.

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