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Kelli is considering a project that would last for 3 years and have a cost of capital of 1 0 . 9 8 percent. The

Kelli is considering a project that would last for 3 years and have a cost of capital of 10.98 percent. The relevant level of net working capital for the project is expected to be
$9,620.00 immediately (at year 0); $30,700.00 in 1 year; $27,500.00 in 2 years; and $8,520.00 in 3 years. Relevant expected operating cash flows and cash flows from capital
spending in years 0,1,2, and 3 are presented in the following table. What is the net present value of this project?
None of the above is within $10 of the correct answer
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