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You are offered the chance to participate in a project that produces the following cash flows: C 0 C 1 C 2 +$ 6,200 +$

You are offered the chance to participate in a project that produces the following cash flows:

C0 C1 C2
+$ 6,200 +$ 4,600 $ 13,400

The internal rate of return is 14.5%.

If the opportunity cost of capital is 13%, what is the net present value of the project? Round your answer to 2 decimal places.

Will you accept the offer?

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