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Gisa is pondering the construction and operation of a home-based cattery. She expects it will cost $40000 to construct and will have a lifespan of

Gisa is pondering the construction and operation of a home-based cattery. She expects it will cost $40000 to construct and will have a lifespan of four years before it collapses due to faulty construction and ammonia rot. Cash flows during those four glorious years are estimated in below table. If the interest rate is 6%, what is the present value of the cattery project?

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