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A project has an initial outlay of $2,580. It has a single payoff at the end of year 4 of $8,327. What is the net

A project has an initial outlay of $2,580. It has a single payoff at the end of year 4 of $8,327. What is the net present value (NPV) of the project if the company's cost of capital is 8.73 percent?

Round the answer to two decimal places.

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