Question: You are evaluating a project which will produce an operating cash flow of $15,800 a year for three years. The initial cash investment in the

You are evaluating a project which will produce an operating cash flow of $15,800 a year for three years. The initial cash investment in the project will be $35,600. The net after-tax salvage value is estimated at $2,800 and will be received during the last year of the projects life. What is the net present value of the project if the required rate of return is 9%?

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