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What is the net present value (NPV) of a project that has an initial cash outflow of $11,400, at time 0, and the following cash
What is the net present value (NPV) of a project that has an initial cash outflow of $11,400, at time 0, and the following cash inflows? The required return is 15.0%.
Year 1: $6,823
Year 2: $7,562
Year 3: $7,904
Year 4: $5,286
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