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Hats & Brooms Unlimited is considering a new project. It would require $282 as initial investment. In the next 4 years it would generate profits
Hats & Brooms Unlimited is considering a new project. It would require $282 as initial investment. In the next 4 years it would generate profits in the following amounts: $106 in year 1, $128 in year 2, $71 in year 3, and $111 in year 4. The annual return that is required for projects of this kind is 6.2 percent. Calculate the project's net present value. (Do NOT use "$" in your answer. Round your answer to TWO decimal places, for example, 1,000.23)
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