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What is the net present value of a project that has an initial cash outflow of $12,670 and the following cash inflows?
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What is the net present value of a project that has an initial cash outflow of $12,670 and the following cash inflows? The required return is 11.5 percent.
Year Cash Inflows
1 $4,375
2 $0
3 $8,750
4 $4,100
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