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Ivashina Enterprises is considering a new project. The project will require $303,320 for new fixed assets, $155,247 for additional inventory, and $33,941 for additional accounts

Ivashina Enterprises is considering a new project. The project will require $303,320 for new fixed assets, $155,247 for additional inventory, and $33,941 for additional accounts receivable. Accounts payable are expected to increase by $89,037. Long-term debt is expected to increase by $216,418. The project has a 5-year life. The fixed assets will be depreciated straight-line to a zero book value over the project's life. At the end of the project, the fixed assets can be sold for 23% of their original cost. The net working capital returns to its original level at the end of the project. The project is expected to generate sales of $531,245 and costs of $614,798 yearly over the project's life. The tax rate is 38%, and the required rate of return is 11%. What is the NPV of the project? Round your responses to two decimal points. Do not include the $ sign.

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