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1. Kinder Morgan is evaluating a capital budgeting project that costs $34,000 and is expected to generate after-tax cash flows equal to $14,150 per year

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1. Kinder Morgan is evaluating a capital budgeting project that costs $34,000 and is expected to generate after-tax cash flows equal to $14,150 per year for three years. a) What is expected rate of return on this project? b) If the corporate required rate of return is 14%, what is the project value today

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