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(CHAPTER 9) Hats & Brooms Unlimited is considering a new project. It would require $261 as initial investment. In the next 4 years it would
(CHAPTER 9) Hats & Brooms Unlimited is considering a new project. It would require $261 as initial investment. In the next 4 years it would generate profits in the following amounts: $53 in year 1 $92 in year 2 $92 in year 3 $66 in year 4 $73 in year 5 The annual return that is required for projects of this kind is 8.7%. Calculate the project's net present value. If the answer is negative, don't forget the minus sign! Do NOT use "$" in your answer. Round your final answer to TWO decimal places, for example, 1,000.23
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