Question: Your firm is considering a project they expect will earn $ 6 3 1 per year over the next five years but requires an initial

Your firm is considering a project they expect will earn $631 per year over the next five years but requires an initial outlay of $1,937 now. The firm uses an opportunity cost of 12% for investment decisions. What is the NPV of the project? Give your answer final answer for the NPV rounded to the nearest dollar (though use at least two decimals of precision on computations to get the NPV).

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