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William is considering a project that would last for 3 years and have a cost of capital of 1 0 . 6 7 percent. The
William is considering a project that would last for years and have a cost of capital of percent. The relevant level of net working capital for the project is expected to be $ immediately at year ; $ in year; $ in years; and $ in years. Relevant expected operating cash flows and cash flows from capital spending in years and are presented in the following table. What is the net present value of this project?
tableYear Year Year Year Operating cash flows,$$$
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