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Carland, Incorporated, has a project available with the following cash flow. If the required for the project is 8.9 percent, what is the project's NPV?

Carland, Incorporated, has a project available with the following cash flow. If the required for the project is 8.9 percent, what is the project's NPV?

Year         Cash Flow

0            -$268,000

1                 78,000

2               101,400

3              122,800

4               74,900

5              -13,000

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