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HoldernessInc. has provided the following data concerning a proposed investment project: (Ignore income taxes.) Initial investment$200,000Life of the project8 yearsAnnual net cash inflows$37,000Salvage value$27,000 The

HoldernessInc. has provided the following data concerning a proposed investment project: (Ignore income taxes.)

Initial investment$200,000Life of the project8 yearsAnnual net cash inflows$37,000Salvage value$27,000

The company uses a discount rate of 8%.

Net present value:???

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