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You are evaluating two mutually exclusive projects. Project 1 has an NPV of $3000 and an IRR of 15%. Project 2 has expected cash flows

You are evaluating two mutually exclusive projects. Project 1 has an NPV of $3000 and an IRR of 15%. Project 2 has expected cash flows of -$24,372 in year 0, $12,096 in year 1, $10,137 in year 2 and $14,727 in year 3. If there is a required rate of 10% on both projects, what is the Net Present Value of Project 2?

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