A project has an initial cost of $55,000, expected net cash inflows of $12,000 per year for 7 years, and a cost of capit
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A project has an initial cost of $55,000, expected net cash inflows of $12,000 per year for 7 years, and a cost of capit
A project has an initial cost of $55,000, expected net cashinflows of $12,000 per year for 7 years, and a cost of capital of8%. What is the project's NPV? (Hint: Begin byconstructing a time line.) Do not round intermediate calculations.Round your answer to the nearest cent.A project has an initial costof $55,000, expected net cash inflows of $12,000 per year for 7years, and a cost of capital of 8%. What is the project's NPV?(Hint: Begin by constructing a time line.) Do notround intermediate calculations. Round your answer to the nearestcent.