28. A project requiring a net initial investment of $800,000 yields annual cash flows of $120,000 and
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28. A project requiring a net initial investment of $800,000 yields annual cash flows of $120,000 and has a terminal cash flows of $50,000 at the end of its 10-year life. The required rate of return is 10%.
Discount the annual cash flows and terminal cash flows to present value.
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