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Compute the NPV statistic for Project Y if the appropriate cost of capital is 12 percent. (Negative amount should be indicated by a minus sign.

Compute the NPV statistic for Project Y if the appropriate cost of capital is 12 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal place.) Project Y Time: 0 1 2 3 4 Cash flow $8,900 $3,530 $4,360 $1,700 $480 --------------------------------------------------------------------------------

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