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18) Project LMK requires an initial outlay of $400,000 and has a protability index of 1.5. The project is expected to generate equal annual cash
18) Project LMK requires an initial outlay of $400,000 and has a protability index of 1.5. The project is expected to generate equal annual cash ows over the next twelve years. The required return for this project is 20%. What is project LMK's net present value? A) $600,000 B) $200,000 C) $120,000 D) $80,000
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