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Sancore Inc. decided to invest in a project that cost $35,000. It is assumed that all of the $8,000 working capital will be recovered at

Sancore Inc. decided to invest in a project that cost $35,000. It is assumed that all of the $8,000 working capital will be recovered at the end of the project, which is four years. The opportunity cost of capital is 10%. Calculate the present value of the net non-recurring investment in the project. (Do not round the intermediate estimate. Round the final answer to the nearest dollar.)

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