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Petra Souvenirs plans to invest in a new souvenir boutique. Petra will invest $ 42,595. The total after tax cash flows are $46,694 for year

Petra Souvenirs plans to invest in a new souvenir boutique. Petra will invest $ 42,595.

The total after tax cash flows are $46,694 for year 1, $31,664 for year 2, $19,879 for year 3 and $12,125 for year 4.

The required rate of return on similar projects is 8.7 percent. Calculate the NPV of the project.

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