(Ignore income taxes in this problem.) The following data pertain to an investment in lab equipment by Lakeview Hospital. Investment in the project: $10,000, annual net cash inflows: $2,400, working capital required: $5,000, salvage value of the equipment $1,000, life of the project 8 years. At the completion of the project, the working capital will be released for use elsewhere. If the required rate of return is 10%, the equipment's net present value is closest to:

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