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Suppose you're presented with a proposal for a project that costs $4,500 and will bring in $20,500 the first year. The next year, you'll have

Suppose you're presented with a proposal for a project that costs

$4,500

and will bring in

$20,500

the first year. The next year, you'll have to pay out

$16,100.

With a cost of capital of

13%,

calculate the net present value (NPV) for this project.

The NPV of the project is

$nothing.

(Round to the nearest cent.)

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