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A project will produce cash inflows of $3200 a year for 4 years with a final cash inflow of $5700 in year 5. The projects initial cost is $9500.

A project will produce cash inflows of $3200 a year for 4 years with a final cash inflow of $5700 in year 5. The projects initial cost is $9500. What is the net present value of this project if the required rate of return is 16%?

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