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A project will have annual operating cash flow of 37500 for 4 years. At the beginning of the project, net working capital of 122000 will

A project will have annual operating cash flow of 37500 for 4 years. At the beginning of the project, net working capital of 122000 will be needed. Only 18700 of this amount will be recovered at the end. Ignoring taxes, what is the project's NPV if the required return is 8%?

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