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Find the net present value (NPV) for the following series of future cash flows, assuming the company's cost of capital is 5.97 percent. The initial
Find the net present value (NPV) for the following series of future cash flows, assuming the company's cost of capital is 5.97 percent. The initial outlay is $375,330.
Year 1: 166,457
Year 2: 175,464
Year 3: 198,795
Year 4: 134,869
Year 5: 158,196
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