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The Allied Corporation analyzes a project that requires an immediate investment of $480. Allied estimates that at the end of the first year the project

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The Allied Corporation analyzes a project that requires an immediate investment of $480. Allied estimates that at the end of the first year the project will generate a cash flow of $645, but that at the end of the second year, when the project ends, it will generate a negative cash flow of $65. The project's required rate of return is estimated to be 8.50%. Calculate the NPV of Allied's project. $

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