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eBook NPV A project has an initial cost of $ 6 0 , 0 0 0 , expected net cash inflows of $ 1 3

eBook

NPV

A project has an initial cost of $

60, 000,

expected net cash inflows of $

13, 000

per year for

7

years, and a cost of capital of

8 % .

What is the project's NPV

? (

Hint: Begin by constructing a time line.

)

Do not round intermediate calculations. Round your answer to the nearest cent.

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