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Find the net present value (NPV) for the following series of future cash flows, assuming the companys cost of capital is 9.25 percent. The initial
Find the net present value (NPV) for the following series of future cash flows, assuming the companys cost of capital is 9.25 percent. The initial outlay is $373,795.
Year 1: 174,064
Year 2: 138,026
Year 3: 158,949
Year 4: 198,552
Year 5: 120,589
Round the answer to two decimal places.
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