Question: You are considering a project that requires a $18,000 initial investment, and estimate it will produce the following annual cash flows: Year 1: $3,500 Year

You are considering a project that requires a $18,000 initial investment, and estimate it will produce the following annual cash flows:

Year 1: $3,500

Year 2: $8,000

Year 3: $11,500

Year 4: $4,400

With a cost of capital of 11%, what is this projects Net Present Value?

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