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A project has an initial outlay of $1,586. The project will generate annual cash flows of $756 over the 5-year life of the project and
A project has an initial outlay of $1,586. The project will generate annual cash flows of $756 over the 5-year life of the project and terminal cash flows of $280 in the last year of the project. If the required rate of return on the project is 13%, what is the net present value (NPV) of the project?
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