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Q5)STM Inc. is considering a 4-year project with an initial cost of $658,950. The project will not directly produce sales but will reduce operating costs

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Q5)STM Inc. is considering a 4-year project with an initial cost of $658,950. The project will not directly produce sales but will reduce operating costs by $274,525 a year. The equipment is depreciated straight-line to a zero book value over the life of the project. At the end of the project, the equipment will be sold for an estimated $62,349. The tax rate is 39%. The project will require $36,933 in extra inventory for spare parts and accessories. STM requires a 7% rate of return. What is the NPV of the project? Round your response to the nearest dollar and input without the $ sign

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