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A project will produce cash inflows of $3,209 every six months for 3 years with a final cash inflow of $9,494 six months after (three

A project will produce cash inflows of $3,209 every six months for 3 years with a final cash inflow of $9,494 six months after (three and a half years from now). The project's initial cost is $29,015. What is the net present value of this project if the annual required rate of return is 10.3 percent?

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