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Six years ago, Neighborhood Hardware paid a contractor $58,000 to expand the store. At that time, the company calculated a net present value of about

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Six years ago, Neighborhood Hardware paid a contractor $58,000 to expand the store. At that time, the company calculated a net present value of about $7,300 for the expansion. Now, the company believes that the investment increased annual cash inflows by $9,300 per year for each of the six years. The company has a desired rate of return of 12%. Ignoring Income tax considerations, what was the net present value actually achieved for this capital Investment? (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round your Intermediate calculations. Round your answer to the nearest dollar.)

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