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Your firm is looking to invest in a project that has expected cashflows of $51.782.86 in the first year, $52,611.38 in the second year, $53,190.11

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Your firm is looking to invest in a project that has expected cashflows of $51.782.86 in the first year, $52,611.38 in the second year, $53,190.11 in the third year, $54,785.81 in the fourth year, $55,662.39 in the fifth year and they plan to close the project at that time. To start the project there is an initial investment of $65,161.86, and salvage value is expected to be 20% of the original investment (a cash-inflow in year 5). The firm expects to invest capital in the project which has a weighted average cost of capital (WACC) of 9.60%, what is the net present value (NPV) of the project (gnore taxes)? (Place your answer (and works in the boxes)

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