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(CHAPTER 9) -Brew Inc is thinking of starting a new line of coffee business: coffee trucks will deliver coffee from popular brands to customers' doors

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(CHAPTER 9) -Brew Inc is thinking of starting a new line of coffee business: coffee trucks will deliver coffee from popular brands to customers' doors and customize coffee flavor right there. The company estimates that it will cost $599,000 to immediately invest into new delivery vehicles and coffee brewing machines. The estimated operating cash flow will equal $166,000 per year. At the end of Year 4 this pilot coffee delivery project will be over, at which time all used vehicles and equipment will be sold at the after-tax salvage value of $291,000. The company also plans to immediately set aside $41,000 in cash which will be recovered at the end of the project. Calculate the Net Present Value of the project if the appropriate discount rate is 13%, 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, 10,000.23. DO NOT Use "S" in your answer.)

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