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Hilltop company plans to invest $100,000 in a two-year project. The cash flow will be $40,000 for the first year and $80,000 in year two.

Hilltop company plans to invest $100,000 in a two-year project. The cash flow will be $40,000 for the first year and $80,000 in year two. At a required rate of return of 12% what is the net present value of the project? (ignore income taxes)

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