Question: Suppose you're presented with a proposal for a project that costs $4,200 and will bring in $20,600 the first year. The next year, you'll have

Suppose you're presented with a proposal for a project that costs $4,200 and will bring in $20,600 the first year. The next year, you'll have to pay out $16,000. With a cost of capital of 13%, calculate the net present value (NPV) for this project.
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