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A project is expected to create operating cash flows of $30,000 a year for three years. The initial cost of the fixed assets is $62,000.

A project is expected to create operating cash flows of $30,000 a year for three years. The initial cost of the fixed assets is $62,000. These assets will be worthless at the end of the project. An additional $5,000 of net working capital will be required throughout the life of the project. What is the project's net present value if the required rate of return is 13 percent?

$2,299.83

$3,834.58

$12,299.83

$7,299.83

$2,076.92

Could someone show me how to solve this problem using a financial calculator. I am using the BAII Plus Texas Instrument. Business Analyst. I know you can solve NPV much quicker if used a calculator.

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