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What is the net present value of a project that has an initial cost of $88,000 and produces cash inflows of $22,000 a year for

What is the net present value of a project that has an initial cost of $88,000 and produces cash inflows of $22,000 a year for 7 years if the discount rate is 13 percent?

$9,297.43

$3,257.41

$5,561.58

$7,521.36

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