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296 points) A firm is considering the following four year project: 3 YEAR o 1 2 4 Cash Flow -$100,000 $35,000 $30,000 $30,000 $40.000 The

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296 points) A firm is considering the following four year project: 3 YEAR o 1 2 4 Cash Flow -$100,000 $35,000 $30,000 $30,000 $40.000 The firm finances its projects with 20% debt, 5% preferred stock, and 75% common equity. Currently, the cost of debt for the firm is 5%, the required return for preferred stock is 12%, and the required return for common is 15%. The tax rate facing the firm is 30%. Given this information, what is NPV of the proposed project? (round to the nearest dollar) $749 $3,266 There is no answer within $300 of the correct answer. $2,422 - $2,471

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