Question: The current yearly CCIR is 7.78%. A project gives a cash flow of $8,477, $3,635, and $1,998 in the years 3, 4, and 6,

The current yearly CCIR is 7.78%. A project gives a cash flow

The current yearly CCIR is 7.78%. A project gives a cash flow of $8,477, $3,635, and $1,998 in the years 3, 4, and 6, respectively. The initial investment required for the project at time (year) t=0 is "x". What must be the value of "x" such that the NPV of the project is 0?

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