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ABC Inc. forecasts the following nominal cash flows for a project: Year Cash Flows 0 -20,000 1 5,500 2 8,000 3 15,000 The real rate

ABC Inc. forecasts the following nominal cash flows for a project:

Year Cash Flows 0 -20,000 1 5,500 2 8,000 3 15,000

The real rate is 4% and the inflation rate is 2%. Calculate the NPV for the project. (Round to 2 decimals)

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