Question: I need help with getting the correct answer with explaining, please. What is the net present value of a project with an initial cost of

I need help with getting the correct answer with explaining, please.

What is the net present value of a project with an initial cost of $350,000 and cash inflows of $103,000 at the end of each of the next 8 years. Assume a cost of capital of 7%. Answer Format: Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46

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