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What is the net present value of an investment that has an initial cost of $7,000 and will generate annual cash inflows of $5,000 for

What is the net present value of an investment that has an initial cost of $7,000 and will generate annual cash inflows of $5,000 for the next 9 years with the first inflow occurring at the end of year 1? Assume a cost of capital of 9%.

Round your answer to 2 decimal places.

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