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A project has an initial outlay of $2,087. The project will generate annual cash flows of $591 over the 5-year life of the project and

A project has an initial outlay of $2,087. The project will generate annual cash flows of $591 over the 5-year life of the project and terminal cash flows of $247 in the last year of the project. If the required rate of return on the project is 6%, what is the net present value (NPV) of the project? Post your answer rounded off to two decimal points.

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