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Evaluate the net present value of the project

Question: A proposed project can generate savings of $1000 per year for 10 years. The initial cost of the project is $2500 and the project has a salvage value of $500 in the 10th year. What is the Net Present Value of the project to the nearest dollar if the discount rate is 10%?

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Finance Basics: Evaluate the net present value of the project

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