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HW 6B Question 4 A project has an initial outlay of $3,352. It has a single payoff at the end of year 3 of $7,635.

HW 6B

Question 4

A project has an initial outlay of $3,352. It has a single payoff at the end of year 3 of $7,635. What is the net present value (NPV) of the project if the company's cost of capital is 13.15 percent?

Round the answer to two decimal places.

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