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A proposed project requires an initial cash outlay of $75,000 for equipment and an additional cash outlay of $25.000 In Year 1 to cover operating

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A proposed project requires an initial cash outlay of $75,000 for equipment and an additional cash outlay of $25.000 In Year 1 to cover operating costs. Durir Years 2 through 4 the project will generate cash inflows of $50.000 a year. What is the net present value of this project at a discount rate of 12.2 percent

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