Calculate the net present value for this project

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Reference no: EM131591391

Suppose you're presented with a proposal for a project that costs $4,600 and will bring in $20,000 the first year. The next year, you'll have to pay out $15,600. With a cost of capital of 12%, calculate the net present value (NPV) for this project.

The NPV of the project is $__.(Round to the nearest cent.)

Reference no: EM131591391

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