Question: 8. Project Andrew's Art Studio is expected to require an investment of $45,784 upfront in year 1 and then produce positive cash inflows of $11,971

8.

Project Andrew's Art Studio is expected to require an investment of $45,784 upfront in year 1 and then produce positive cash inflows of $11,971 in years 2 through 5. The opportunity cost of capital is 9.64%, what is the net present value from Andrew's art studio?

Include two decimal places in your answer and a negative if appropriate (example -1,435.77)

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