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Tall Trees, Inc. is using the net present value (NPV) when evaluating projects. You have to find the NPV for the company’s project, assuming the company’s cost of capital is 10.66 percent. The initial outlay for the project is $414,171. The project will produce the following after-tax cash inflows of

Year 1: 128,639

Year 2: 42,527

Year 3: 34,446

Year 4: 141,937

Round the answer to two decimal places in percentage form.

Financial Management, Finance

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