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Today is January 1, 2010. Find the net present value of a project for which the initial investment of $1,160 is made today, and expected
Today is January 1, 2010. Find the net present value of a project for which the initial investment of $1,160 is made today, and expected cash inflows are on January 1 in the years 2011, 2012, 2013, 2014, 2015. The first of these will be $300, and each one thereafter will be $90 higher than the preceding one. The risk-adjusted discount rate for this project is 13.0%, compounded annually. Round your answer to the nearest cent.
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