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(Ignore income taxes in this problem.) Juliar Inc. has provided the following data concerning a proposed investment project: Initial investment $ 370,000 Life of the
(Ignore income taxes in this problem.) Juliar Inc. has provided the following data concerning a proposed investment project:
Initial investment | $ | 370,000 | |
Life of the project | 11 years | ||
Annual net cash inflows | $ | 54,000 | |
Salvage value | $ | 44,000 | |
The company uses a discount rate of 8%.
Required:
Compute the net present value of the project.
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