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Lets also make sure that you are comfortable calculating

Let's also make sure that you are comfortable calculating the net present value of a proposed capital budgeting project when the cash inflows are uneven.Given the following information, calculate the NPV:

Initial investment is $50,000;

inflows for the next four years are $12,000, $4,000, $12,000, $13,000 respectively.

The required rate of return is 8%.

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