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Ignore income taxes in this problem.) The discount rate is 5%. Your Corporation is considering an investment project that will require an initial investment of

Ignore income taxes in this problem.) The discount rate is 5%. Your Corporation is considering an investment project that will require an initial investment of $9,400 and will generate the following net cash inflows in each of the three years of the project:

Year 1

Year 2

Year 3

Cash inflows..........

$4,000

$2,000

$4,000

Cash outflows

$0

$0

$1,500

What is the net present value for this investment project?

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