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The Jacobi Project requires an initial cash outlay of $75,000 and is expected to produce net cash flows of $20,000 at the end of each

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The Jacobi Project requires an initial cash outlay of $75,000 and is expected to produce net cash flows of $20,000 at the end of each year for 5 years. If the required return on the project is 10%, what is its net present value? Round your answer to the nearest dollar

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