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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: $52 year 2: $71

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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: $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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