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New technology would cost $9,787, but it will reduce expenses by $869 per year starting next year, forever. Additionally, the new technology would complement the

New technology would cost $9,787, but it will reduce expenses by $869 per year starting next year, forever. Additionally, the new technology would complement the production process by increasing productivity. This increases profits by $637 per year, also forever. Assuming the discount rate is 7.5%, what is the NPV of this project? (4 decimal places)

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