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A project has an initial outlay of $3,460. It has a single payoff at the end of year 10 of $8,459. What is the net

A project has an initial outlay of $3,460. It has a single payoff at the end of year 10 of $8,459. What is the net present value (NPV) of the project if the companys cost of capital is 10.97 percent?

Round the answer to two decimal places.

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