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John Doe decides to open a halal truck. The truck will cost him $20,000 in year...

John Doe decides to open a halal truck. The truck will cost him $20,000 in year 0 and will last for 3 years. John predicts annual sales of $30,000 and annual costs of $5,000 in years 1 through 3. John’s opportunity cost of capital is 12%. The corporate tax rate on income and capital gains is 23%.

  1. What is the NPV of this project?

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