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A project has an inibal cost of $35,000, expected net cash inflows of $15,000 per year for 7 years, and a cost of capital of

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A project has an inibal cost of $35,000, expected net cash inflows of $15,000 per year for 7 years, and a cost of capital of 9%. What is the project's PI? (Hint. Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to fwo decimal places

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