What is the net present value of this project

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Project Z has an initial outlay of $12,000 and generates positive cash flows in years 1, 2, 3 and 4 of $2,193, $4,728, $3,607, and $2,832 respectively. Using a discount rate of 11.1%, what is the net present value (NPV) of this project? Show your answer to the nearest dollar and if it is negative, be sure to include the negative sign.

Reference no: EM131547909

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