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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
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How much is the expected NPV of this project?
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