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A project has an initial cost of $128,000 and three annual inflows as follows: $57,000 at the end of year 1 $69,000 at the end
A project has an initial cost of $128,000 and three annual inflows as follows:
$57,000 at the end of year 1 $69,000 at the end of year 2 $68,000 at the end of year 3
If the cost of capital is 7.4%, what is the net present value (NPV) of the project?
Answer Format: Number rounded to 2 decimal places. Use negative sign if appropriate. (An answer of $100.125 would be entered as 100.13)
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