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Initial Cost/ Investment Amount: $25,800 Annual Net Cash Flows Incremental Income: $ 6,000 Estimated Salvage Value of Capital Asset 4,000 Project Duration: 6 years Assume

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Initial Cost/ Investment Amount: $25,800 Annual Net Cash Flows Incremental Income: $ 6,000 Estimated Salvage Value of Capital Asset 4,000 Project Duration: 6 years Assume straight-line depreciation and a required annual rate of return of 8%. Following are time- f-money (TVM) factors fo an 8% discount rate and 6 TVM: 8%, 6 per Present Value Future Value Lump Sunm 0.6302 4.6229 1.5869 7.3359 (Ordinary) Annuity What is the net present value (NPV) for this opportunity? (Round amounts to the nearest dollar.)

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