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Calculate the net present value (NPV) for a 8-year project with an initial investment of $18,500 and a cash inflow of $4,400 per year. Assume

Calculate the net present value (NPV) for a 8-year project with an initial investment of $18,500 and a cash inflow of $4,400 per year.

Assume that the firm has an opportunity cost of 7.5%.

Round to the nearest penny.

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