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Corning is considering a project with the following cash flows: Initial Outlay = $126,00 Cash Flow Year 1 $44,000 Year 2 $59,000 Year 3 $64,000

Corning is considering a project with the following cash flows:

Initial Outlay = $126,00

Cash Flow Year 1 $44,000 Year 2 $59,000 Year 3 $64,000

If the appropriate discount rate is 11.5%, compute the NPV of this project.

-$14,947

$2,892

$7,089

$41,000

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