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XYZ Corporation is considering a capital budgeting project that would require an initial investment of $440,000 and working capital of $32,000. The investment would generate

XYZ Corporation is considering a capital budgeting project that would require an initial investment of $440,000 and working capital of $32,000. The investment would generate annual cash inflows of $147,000 for the life of the project. At the end of the project, equipment that had been used in the project could be sold for $11,000. The company's discount rate is 7%. Calculate the $ NPV of this project.

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