A contract is estimated to yield net annual returns of $10,400 for seven years. To...
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Finance
A contract is estimated to yield net annual returns of $ for seven years. To secure the contract, an immediate outlay of $ is required. Interest is compounded annually.
Calculate the net present value NPV of the contract and determine whether the project should be accepted or rejected according to the net present value criterion.
The net present value of the project is $
Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.
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