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Suppose you're presented with a proposal for a project that costs $4,300 and will bring in $20,300 the first year. The next year, you'll have

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Suppose you're presented with a proposal for a project that costs $4,300 and will bring in $20,300 the first year. The next year, you'll have to pay out $15,800. With a cost of capital of 14%, calculate the net present value (NPV) for this project. The NPV of the project is $ (Round to the nearest cent.)

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