Question: Please calculate the following: A project has an initial cost of $47,375, expected net cash inflows of $11,000 per year for 10 years, and a

Please calculate the following: A project has an initial cost of $47,375, expected net cash inflows of $11,000 per year for 10 years, and a cost of capital of 8%. What is the project's NPV? Round to the nearest cent.

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