You have been offered the opportunity to invest in a project which will pay $3,296...
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You have been offered the opportunity to invest in a project which will pay $3,296 per year at the end of the next 5 years. Then it will generate $4,676 per year in years 11 through 15. If the initial outlay for the project is $18,437 and your cost of capital is 6%, what is the Net Present Value of this project? Round your answer to the 2nd decimal place
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