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17) Condor Company is considering an investment in a project that has an internal rate of return of 12%. The project has a 5-year useful
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Condor Company is considering an investment in a project that has an internal rate of return of 12%. The project has a 5-year useful life but has no salvage value. Cash inflows from this project are $20,000 per year in each of the 5 years. Condor uses a 14% discount rate to make capital budgeting decisions. What is the net present value of this project? $(3,440) $(11,340) $6,880 $7.900 None of the above Step by Step Solution
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