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ABC Inc. forecasts the following nominal cash flows for a project: Time CF 0 -20,000 1 8,000 2 8,000 3 8,000 The real rate is

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

Time CF
0 -20,000
1 8,000
2 8,000
3 8,000

The real rate is 2%, and the inflation rate is 6%. Calculate the NPV for the project. (Round to 2 decimals)

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