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The X company is evaluating a project that requires an initial outlay of $1093 today. The project will generate a cash flow that grown 5%

The X company is evaluating a project that requires an initial outlay of $1093 today. The project will generate a cash flow that grown 5% per year, with the first being $86 that starts exactly one year from now. Discount rate is 10%, annual cash flow never-ending.

What is the NPV of this project?

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