Question: ABC Inc. is considering a project with an initial cost of$1596. The project will not produce any cash flows for the first four years. Starting

ABC Inc. is considering a project with an initial cost of$1596. The project will not produce any cash flows for the first four years. Starting in year five, the project will produce cash inflows of $630 a year for four years. If the discount rate of 9.8 percent, what is the project's net present value?

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