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You are considering the investment of $18,000 (today) in a lemonade stand. Also, you expect the stand to generate the following future cash flows: At

You are considering the investment of $18,000 (today) in a lemonade stand.

Also, you expect the stand to generate the following future cash flows:

At the end of year 1: $8,000

At the end of year 2: $4,000

At the end of year 3: $6,000

At the end of year 4: $2,000

What is the NPV (Net Present Value) of this project, if you require a 20% rate of return?

(Answer to the nearest $0.001)

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