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Consider the following information about a proposed project: Increased Sales Increased expenses Tax rate $5,000 per year $3,000 per year 22% The project costs $13,000

Consider the following information about a proposed project: Increased Sales Increased expenses Tax rate $5,000 per year $3,000 per year 22% The project costs $13,000 and will be depreciated on a straight line basis over a 7 year life. If the discount rate is 13%, what is the NPV of this project? Round your answer to 2 decimals, for example 100.12

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