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A Project Requires an Initial Investment of $59,600 and Will

Question 24

Multiple Choice

A project requires an initial investment of $59,600 and will produce cash inflows of $21,200,$44,500,and $11,700 over the next 3 years,respectively.What is the project's NPV at a required return of 16 percent?


A) -$687.22
B) -$757.69
C) -$204.15
D) -$878.92
E) -$696.94

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