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Gordo Corporation has a project with the following cash flows. If the project requires an initial investment (today) of $1,000, what is the net present

Gordo Corporation has a project with the following cash flows. If the project requires an initial investment (today) of $1,000, what is the net present value of the project if the required rate of return (discount rate) is 7.23 percent per year?

Year Cash Flow

1 $1,560

2 $1,910

3 $2.185

4 $3,025

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