Calculate the net present value for the project

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Please explain and show all work including equations.

Calculate the Net Present Value for the project that requires an investment of $91,347, has the estimated returns given in the following table, and must meet a minimum acceptable rate of return of 15%:

Year

1

2

3

4

5

Cash Flow

$23,456

$24,567

$26,435

$27,412

$28,490

Reference no: EM131015499

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