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Q4)A project will produce operating cash flows of $45,214 a year for four years. During the project's life, inventory will be lowered by $31,195, and

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Q4)A project will produce operating cash flows of $45,214 a year for four years. During the project's life, inventory will be lowered by $31,195, and accounts receivable will increase by $14,050. Accounts payable will decrease by $10,508. The project requires the purchase of equipment at an initial cost of $137,962. The equipment will be depreciated straight-line to a zero book value over the project's life. The equipment will be salvaged at the end of the project, creating a $26,847 after-tax cash flow. At the end of the project, net working capital will return to its normal level. What is the net present value of this project given a required return of 9%? Round your response to the dollar, and input without the $ sign

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