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A project has an initial outlay of $2,597. It has a single payoff at the end of year 3 of $7,887. What is the net

A project has an initial outlay of $2,597. It has a single payoff at the end of year 3 of $7,887. What is the net present value (NPV) of the project if the companys cost of capital is 11.22 percent?

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