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Net present value Using a cost of capital 18%, calculate the net present value for the project shown in the following table and indicate whether

Net present value Using a cost of capital 18%, calculate the net present value for the project shown in the following table and indicate whether it is acceptable

Initial investment $740,000

Year (t) Cash inflows (Cft)
1 $100,000
2 $110,000
3 $120,000
4 $130,000
5 $140,000
6 $150,000
7 $160,000
8 $170,000
9 $180,000
10 $190,000

The net present value (NPV) of the project is $_____ (Round to the nearest cent.)

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