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A project has an initial outlay of $2,396. The project will generate annual cash flows of $593 over the 4-year life of the project and

A project has an initial outlay of $2,396. The project will generate annual cash flows of $593 over the 4-year life of the project and terminal cash flows of $285 in the last year of the project. If the required rate of return on the project is 11%, what is the net present value (NPV) of the project?

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