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A project will produce an operating cash flow of $7,300 a year for three years. The initial cash outlay for equipment will be $11,600. The
A project will produce an operating cash flow of $7,300 a year for three years. The initial cash outlay for equipment will be $11,600. The net aftertax salvage value of $3,500 will be received at the end of the project. The project requires $800 of net working capital that will be fully recovered. What is the net present value of the project if the required rate of return is 11 percent?
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