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The Fitness Center is considering including a step machine in this year's capital budget. The cash outlay for the step machine is $2,100. The firm's
The Fitness Center is considering including a step machine in this year's capital budget. The cash outlay for the step machine is $2,100. The firm's cost of capital is
7% After-tax cash flows, including depreciation, are as shown in the table below. Calculate the net present value (NPV) for this project.
End of Year Cash Flow 1 $670 2 670 3 670 4 670 5 670
The net present value is? (Round to the nearest cent.)
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