A project has an initial outlay of 1241 it has a single, Ask an Expert

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A project has an initial outlay of $1,241. It has a single payoff at the end of year 10 of $7,476. What is the net present value (NPV) of the project if the company’s cost of capital is 9.21 percent? Show your work in excel using the excel functions. Show your answer to 2 decimal points.

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