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Portism Company is evaluating a 5-year expansion project that will provide cash flows of $44,000, $65,000, $66,000, $73,000, and $37,000, respectively. The project has an
Portism Company is evaluating a 5-year expansion project that will provide cash flows of $44,000, $65,000, $66,000, $73,000, and $37,000, respectively. The project has an initial cost of $9,000 and the required return is 13 percent. What is the project's NPV? (Round your answer to the nearest $0.01)
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