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A proposed project that requires an investment of $13,278 (year 0) is expected to generate a series of 4 equal annual net income of $6,000

A proposed project that requires an investment of $13,278 (year 0) is expected to generate a series of 4 equal annual net income of $6,000 each in constant dollars. Assuming the average inflation rate of 3.5%, and the market interest rate of 10% during this inflationary period, what is the equivalent net present worth (NPW) in actual dollars for this project?

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