Question: Stone Inc. is evaluating a project with an initial cost of $9,500. Cash inflows are expected to be $1,600, $1,600, and $11,000 in the three

Stone Inc. is evaluating a project with an initial cost of $9,500. Cash inflows are expected to be $1,600, $1,600, and $11,000 in the three years over which the project will produce cash flows. If the discount rate is 8%, what is the net present value of the project?

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