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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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