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A project has an initial cost of $60,000, expected net cash inflows of $10,000 per year for 8 years, and a cost of capital of

A project has an initial cost of $60,000, expected net cash inflows of $10,000 per year for 8 years, and a cost of capital of 12%. Show your work.

What is the projects NPV? (Hint: Begin by constructing a timeline).

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