Question: please show work 1. What is the net present value of a project that requires an initial investment of $96,000 and produces net cash flows

please show work
please show work 1. What is the net present value of a

1. What is the net present value of a project that requires an initial investment of $96,000 and produces net cash flows of $22,000 per year for 7 years? Assume the discount rate is 12 percent

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