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A project requires an investment of $900 today. It can generate sales of $1,100 per year forever. Costs are $600 for the first year and

A project requires an investment of $900 today. It can generate sales of $1,100 per year forever. Costs are $600 for the first year and will increase by 5 percent per year. (Assume all sales and costs occur at year-end.) The project will be terminated after four years as costs exceed sales. The NPV of the project is $___ if the discount rate is 12 percent and there is no tax

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