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An all equity financed project has a 5 - year life and is expected to generate the following net income: year 1 : (

An all equity financed project has a 5-year life and is expected to generate the following net income: year 1: \(\$ 52\) year 2: \(\$ 71\) year \(3: \$ 88\) year 4: \(\$ 105\) year \(5: \$ 123\) The project has no working capital. The production equipment for the project was purchased at time 0 for \(\$ 912\) and depreciated straightline to \(\$ 0\) over the life of the project. The equipment is sold for \(\$ 52\) at the end of the project. The project cost of capital is \(7.7\%\). The tax rate is \(17\%\). What is the NPV of the project? Give your answer to the nearest whole dollar.

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