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A project has an initial cost of $480,000, projected cash inflows of $311,500, cash costs of $214,650, a tax rate of 35 percent, and a

A project has an initial cost of $480,000, projected cash inflows of $311,500, cash costs of $214,650, a tax rate of 35 percent, and a weighted average cost of capital of 13.8 percent. What is the net present value of the project?

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