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You are considering a new business opportunity. There is an initial cost of $63,000, but then the project will yield the following revenues over the

You are considering a new business opportunity. There is an initial cost of $63,000, but then the project will yield the following revenues over the next five years:

Year Cash Flow
1 $17,600
2 $36,200
3 $27,200
4 $54,300
5 $49,000

If you face a discount rate of 6, what is the NPV of this project?

NPV = $

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