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You consider investing in a new project. To start the project, you need to pay $ 6 8 today. After this the project will pay

You consider investing in a new project. To start the project, you need to pay $68 today. After this the project will pay a stream of cash flow that starts at $10 in a year and grows by 2% per year afterwards for 20 years (no cash-flows after that). Calculate the net present value of the project if your discount rate is 7% per year? (round your answer to the nearest penny)

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