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Loftus Automotive is considering a project that has a required rate of return of 1 2 . 6 % . The project will cost $

Loftus Automotive is considering a project that has a required rate of return of 12.6%. The project will cost $42,100. The cash inflows are as follows:
Year 1- $16,500
Year 2- $11,700
Year 4- $10,400
Loftus Automotive has hired you to analyze what the net present value is for this project. Please state your answer in $ and cents (e.g., $23,456.78).
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