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Problem 10-1 NPV A project has an initial cost of $42,475, expected net cash inflows of $14,000 per year for 12 years, and a cost
Problem 10-1 NPV
A project has an initial cost of $42,475, expected net cash inflows of $14,000 per year for 12 years, and a cost of capital of 12%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round your intermediate calculations. Round your answer to the nearest cent.
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