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What is the NPV of a project that costs $ 1 1 , 0 0 0 today and another $ 8 , 0 0 0

What is the NPV of a project that costs $11,000 today and another $8,000 in one year, and is then expected to generate 9 annual
cash inflows of $3,000 starting at the end of year 4. Cost of capital is 12%. Round to the nearest dollar.
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