Question: You are considering a project that will cost $ 3 7 , 4 5 1 . It will increase net income $ 2 9 ,

You are considering a project that will cost $37,451. It will increase net income $29,476 in 2 years, $11,425 in 3 years, no return in 4 years, $9,606 in 5 years and $7,685 in 6 years. The company has a required rate of return of 9%. What is the present value of future cash flows?

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