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Question 10-1 a project has an initial cost of 40000

Question 10-1: A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capital of 11%. What is the project's NPV? (Hint: Begin by constructing a time line.)

Please provide detail into how you obtain this answer.

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Finance Basics: Question 10-1 a project has an initial cost of 40000

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Finance Basics: Question 10-1 a project has an initial cost of 40000

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