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39 An investment of $100,000 today results in cash inflows of $60,000 at the end of each of the next two years. Assuming annual discounting

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39

An investment of $100,000 today results in cash inflows of $60,000 at the end of each of the next two years. Assuming annual discounting at a rate of ten percent, the net present value is A) less than 10% B) more than 10%, but less than 11% C) more than 11%, but less than 12% D) more than 13%, but less than 14% E) more than 14%

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