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(CHAPTER 10) Your boss is considering a 4-year investment project. If the project is accepted, it would require an immediate spending of $583 to buy

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(CHAPTER 10) Your boss is considering a 4-year investment project. If the project is accepted, it would require an immediate spending of $583 to buy all necessary production equipment . This equipment would be sold at the end of the project and bring your company estimated $192 in sale proceeds after taxes (or after-tax salvage value). Your boss's consulting team estimated that the annual after-tax profits for operating cash flows) would equal $165. . The team also recommends immediately setting aside $55 in cash to cover any unforeseen expenses. The required annual rate of return is 10.3%. Calculate the Net Present Value of this proposed investment project. If your answer is negative, don't forget the minus sign! Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places. For example, 1.000.23 or 1,000.23 Do NOT use "$" in your

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