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[3] On January 1, a company invested in an asset with a useful life of 3 years. The company's expected rate of return is 10%.
[3] On January 1, a company invested in an asset with a useful life of 3 years. The company's expected rate of return is 10%. The cash flow and present and future value factors for the 3 years are as follows: All cash inflows are assumed to occur at year end. If the asset generates a positive net present value of $2,000, what was the amount of the original investment? A. $$30,991 B. $20,250 C. $$33,991 D. $22,250
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