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34. The process of restating future cash flows in today's dollars is known as: A. Budgeting. B. Annualization. C. Capitalizing. D. Payback period. E. Discounting.

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34. The process of restating future cash flows in today's dollars is known as: A. Budgeting. B. Annualization. C. Capitalizing. D. Payback period. E. Discounting. project requires a $30,000 investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 Year 2 Year 3 Total $12,000 $8,000 $10,000 $30,000 Assuming a discount rate of 10%, what is the net present value of this investment? Selected present value factors for a single sum are shown in the table below: i 10% n=1 .9091 | 9264 7513 i=10% n=3 i= 10% A. $0.00 B. $21,000.00 C. ($7,461.00) D. $25,033.32 E. ($4,966.68)

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