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Q 16 ABC Inc. forecasts the following nominal cash flows for a project: Year Cash Flows 0 -10,000 1 4,500 2 5,000 3 5,500 The

Q 16 ABC Inc. forecasts the following nominal cash flows for a project:

Year Cash Flows
0 -10,000
1 4,500
2 5,000
3 5,500

The real rate is 5%, and the inflation rate is 3%. Calculate the NPV for the project. (Round to 2 decimals)

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