What is the net present value of the project

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Problem: A project has an initial outlay of $1,669. The project will generate annual cash flows of $556 over the 7-year life of the project and terminal cash flows of $395 in the last year of the project. If the required rate of return on the project is 6%, what is the net present value (NPV) of the project?

Reference no: EM132468187

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