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Parks Corporation is considering an investment proposal in which a working capital investment of $26,000 would be required. The investment would provide cash inflows of
Parks Corporation is considering an investment proposal in which a working capital investment of $26,000 would be required. The investment would provide cash inflows of $5,000 per year for six years. The working capital would be released for use elsewhere when the project is completed. If the company's discount rate is 10%, the investment's net present value is closest to (Ignore income taxes.)
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