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A project will produce an operating cash flow of $32,500 a year for 7 years. The initial fixed asset investment in the project will be
A project will produce an operating cash flow of $32,500 a year for 7 years. The initial fixed asset investment in the project will be $204,900. The net aftertax salvage value is estimated at $62,000 and will be received during the last year of the project's life. What is the net present value of the project if the required rate of return is 8 percent?
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