Hagerup Inc. is considering a new project. The initial cash outflows are $18,000. The Company...
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Hagerup Inc. is considering a new project. The initial cash outflows are $18,000. The Company believes the project will yield cash inflows of $4,320 in year 1, $6,480 in year 2, $5,400 in year 3, and $5,400 in year 4. Assuming an annual discount rate of 4%, calculate the project's net present value.
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