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Suppose you are considering a project with $10,000 initial investment. You estimate that the project will generate a level cash flow of $1071 per year
Suppose you are considering a project with $10,000 initial investment. You estimate that the project will generate a level cash flow of $1071 per year for 15 years. At the end of the 15th year, the project will be liquidated for $3000. Find the NPV if cost of capital is 12%.
round answer to two decimal places
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