Question: A three-year project has an initial (Year 0) cash flow of -$5,000. Cash flows are expected to be $2,000, $1,000, and $4,000 in Years 1,

A three-year project has an initial (Year 0) cash flow of -$5,000. Cash flows are expected to be $2,000, $1,000, and $4,000 in Years 1, 2, and 3 respectively. The firm's WACC (discount rate) is 10%. Calculate the NPV of the project, assuming that cash flows after Year 0 occur mid-year (rather than end-of-year). Enter your answer without the dollar sign and round your answer to two decimal places.

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