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1. What is the net present value of a project with the following cash flows and a required return of 12 percent? Year Cash Flow

1. What is the net present value of a project with the following cash flows and a required return of 12 percent?

Year Cash Flow

0 -$42,398

1 $13,407

2 $21,219

3 $17,800

_______________________________________________________________

a. -1574.41

b.-1208.19

c.-842.12

d.729.09

e.1311.16

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