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Khan Incorporated has an investment project with the following parameters. - It is expected to generate a payment of $450 every six months in perpetuity.

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Khan Incorporated has an investment project with the following parameters. - It is expected to generate a payment of $450 every six months in perpetuity. - The first cash inflow is six months from now. - The cost of capital is 8% per six months (effective). - The project requires an initial investment of $11,000 now. What is the net present value of this project? Answer in $ and include two decimal places. Do not include the ' $ ' in your answer. E.g., 987.65 would be entered if the answer was $987.6543

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