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1. The ABC Resort is redoing its golf course at a cost of $978,000. It expects to generate cash flows of $536,000, $751,000 and $114,000

1. The ABC Resort is redoing its golf course at a cost of $978,000. It expects to generate cash flows of $536,000, $751,000 and $114,000 over the next three years. If the appropriate discount rate for the company is 16.4 percent, what is the NPV of this project (to the nearest dollar)?

a. $109052

b. $2065052

c. $-44107

d. $199955

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