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Consider the Obsidian Project, which requires an investment of $434,471 initially, with subsequent cash flows of $51,898, $74,626 and $98,063. We can characterize the project

Consider the Obsidian Project, which requires an investment of $434,471 initially, with subsequent cash flows of $51,898, $74,626 and $98,063. We can characterize the project with the following end-of-year cash flows:

Period Cash Flow
0 (434,471)
1 51,898
2 74,626
3 98,063

What is the net present value (NPV) of the Obsidian Project if the required rate of return for the project is 9%?

Round your answer to 2 decimal places (e.g. 125.74632 = 125.75).

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