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A project has an initial outlay of $1, 920. It has a single payoff at the end of year 8 of $8, 307. What is

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A project has an initial outlay of $1, 920. It has a single payoff at the end of year 8 of $8, 307. What is the net present value (NPV) of the project if the company's cost of capital is 10.46 percent? Round the answer to two decimal places

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