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Project X has an initial investment of $ 5 0 , 0 0 0 and a residual value of $ 1 8 , 0 0

Project X has an initial investment of $

50, 000

and a residual value of $

18, 000

after

20

years. It will generate an annual cash flow of $

7, 000

for

20

years. The company's rate of return is

9 % .

To the nearest $

10

dollar, what is the NPV of this project?

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