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A project requires a $36,000 initial investment and is expected to generate end-of-period annual cash inflows of $16,000 for each of three years. Assuming a

A project requires a $36,000 initial investment and is expected to generate end-of-period annual cash inflows of $16,000 for each of three years. Assuming a discount rate of 13%, what is the net present value of this investment? Selected present value factors for a single sum are shown in the table below: -13% 13% -13% n-1 n=2 n=3 0.8850 0.7831 0.6931 $3,540 O $1,779 $37,779 $(12,276)

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