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ABC Inc.forecasts the following nominal cash flows for a project: Time CF 0 -25,000 1 10,000 2 10,000 3 10,000 4 10,000 The real rate

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

Time CF
0 -25,000
1 10,000
2 10,000
3 10,000
4 10,000

The real rate is 3%, and the inflation rate is 5%. Calculate the NPV for the project. (Round to 2 decimals)

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