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Project X requires an initial outlay of $10,000 and has the following cash flow. What is the NPV of this project assuming a required rate

Project X requires an initial outlay of $10,000 and has the following cash flow. What is the NPV of this project assuming a required rate of return of 12%?

Cash Flow Year 1 = $4,000

Cash Flow Year 2 = $ 5,000

Cash Flow Year 3 = $ - 6,000

Cash Flow Year 4 = $ 3,000

Cash Flow Year 5 = $ 6,000

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