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First Part: A magazine publisher wants to launch a new magazine geared to college students. The project's initial investment is $ 6 1 . The

First Part: A magazine publisher wants to launch a new magazine geared to college students. The project's initial investment is $61. The project's cash flows that come in at the end of each year are $26 for 3 consecutive years beginning one year from today. What is the project's NPV if the required rate of return is 16%?

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