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Capstone Crowns is considering a project that will produce cash inflows of $12,000 in year one, $24,000 in year two, and $36,000 in year three.

Capstone Crowns is considering a project that will produce cash inflows of $12,000 in year one, $24,000 in year two, and $36,000 in year three. What is the present value of these cash inflows if the company assigns the project a discount rate of 14 percent?

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