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show calculations The project's initial cost is $10,400. This project will produce the following cash: $3,100 in year 1, $3,100 in year 2, $3,100 in
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The project's initial cost is $10,400. This project will produce the following cash: $3,100 in year 1, $3,100 in year 2, $3,100 in year 3 and $4,400 in year 4. What is the net present value if the required rate of return is 16 percent?
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