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Calculate the net present value with a required return of 8%, an initial investment of $45,000, and cash flows of $12,000, $20,000, $10,000, and $6,000

Calculate the net present value with a required return of 8%, an initial investment of $45,000, and cash flows of $12,000, $20,000, $10,000, and $6,000 for years 1 through 4 respectively.

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