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Project estimated cash flows for years 1 through 3 are $13, $15, and $16. The project requires initial investment (PPE and working capital) of $25.

Project estimated cash flows for years 1 through 3 are $13, $15, and $16. The project requires initial investment (PPE and working capital) of $25. Required rate of return for this project is 9%. Estimate NPV.

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