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Your firm is looking to invest in a project that has expected cashflows of $74,684.65 in the first year, $75,879.60 in the second year, $77,093.67

Your firm is looking to invest in a project that has expected cashflows of $74,684.65 in the first year, $75,879.60 in the second year, $77,093.67 in the third year, $80,408.70 in the fourth year, $84,268.32 in the fifth year and they plan to close the project at that time. To start the project there is an initial investment of $167,025.46, 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 9.00%, what is the net present value (NPV) of the project (ignore taxes)? (Place your answer (and work) in the boxes)

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