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To boss is considering investme if the project is accepted, it would require an immediate spending of $784 to buy all necessary production equipment. This

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To boss is considering investme if the project is accepted, it would require an immediate spending of $784 to buy all necessary production equipment. This equipment would be sold at the end of the project and bring your company estimated $190 in sale proceeds after taxes, Your boss's consulting team estimated that the annual after-tax profits (or operating cash flows) would equal $150. The team also recommends immediately setting aside $49 in cash to cover any unforeseen expenses. The required annual rate of return is 9.29 Calculate the Net Present Value of this proposed investment project. Do NOT use "s" in your answer Increase decimal phaces for any watermediate calculations from the default 2 to 5 or higher Only round your answer to TWO decimal places. For le 1000 23 of 1,000 23)

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