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A project has annual cash flows of $ 3 , 0 0 0 for the next 1 0 years and then $ 9 , 5

A project has annual cash flows of $3,000 for the next 10 years and then $9,500 each year for the following 10 years. The IRR of this 20-year project is 10.65%. If the firm's WACC is 8%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.
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Problem 11.20(NPV)
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