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The Clayton Kershaw Company is in the process of constructing a new plant at a cost of $ 3 0 million. It expects the project

The Clayton Kershaw Company is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash flows of $13,000,000,$23,000,000, and $29,000,000 over the next three years. The cost of capital is 16 percent. What is the net present value of this project? (Do not round intermediate computations but round your final answer to the nearest dollar)
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