A project has an initial cost of 63700 expected net cash


A project has an initial cost of $63,700, expected net cash inflows of $11,000 per year for 11 years, and a cost of capital of 12%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round your intermediate calculations. Round your answer to the nearest cent.

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Financial Management: A project has an initial cost of 63700 expected net cash
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