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4. A project has an initial cost of $36,800 and cash inflows of $9,900 a year for 4 years. What is the NPV if the

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4. A project has an initial cost of $36,800 and cash inflows of $9,900 a year for 4 years. What is the NPV if the required return is 10.25 percent? a. -$5,587.41 b. -$3,750.00 c. $2,800.00 d. $3.124.16

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