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A project will have annual operating cash flows of $39,700 for four years. At the beginning of the project, net working capital of $131,100 will
A project will have annual operating cash flows of $39,700 for four years. At the beginning of the project, net working capital of $131,100 will be needed. Only $19,900 of this amount will be recovered at the end. Ignoring taxes, what is the project's NPV if the required return is 9.25%?
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