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Suppose a project costs $47,000 today is expected to earn $11,000 next year, followed by $16,000 each subsequent year in perpetuity. Cost of capital is
Suppose a project costs $47,000 today is expected to earn $11,000 next year, followed by $16,000 each subsequent year in perpetuity. Cost of capital is 7.3%. What is this project's NPV? Round to the nearest whole number.
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