Question: A firm is evaluating a project with an initial cost of $ 844,560 and annual cash inflows of $ 337,427 per year (first cash flow

A firm is evaluating a project with an initial cost of $ 844,560 and annual cash inflows of $ 337,427 per year (first cash flow to be received exactly one year from today) for each of the next 5 years. If the cost of capital for this project is 8 %, what is this project's NPV? Round to 2 decimal places.

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