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QUESTION
A project has an initial outlay of $3,437. It has a single payoff at the end of year 6 of $9,638. What is the net present value (NPV) of the project
A project has an initial outlay of $3,437. It has a single payoff at the end of year 6 of $9,638. What is the net present value (NPV) of the project if the company's cost of capital is 9.48 percent?
Round the answer to two decimal places.
