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CrochetCo is considering an investment in a project which would require an initial outlay of $323328 and produce expected cash flows in years 1 through

CrochetCo is considering an investment in a project which would require an initial outlay of $323328 and produce expected cash flows in years 1 through 4 of $88544 per year. You have determined that the current after-tax cost of the firm's capital (required rate of return) for each source of financing is as follows: Source of Capital Cost Weight Long-Term Debt 6% 44% Preferred Stock 7% 20% Common Stock 11% 36% What is the net present value of this project?

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