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Your required rate of return is 8%. If you invest $15,000 today in a project, you will receive the following cash flows: At the end

Your required rate of return is 8%. If you invest $15,000 today in a project, you will receive the following cash flows:

At the end of Year 1 $7000

At the end of Year 2 $8000

At the end of Year 3 $9000

What is the NPV of the project? What is the payback period of the project?

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