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4. CNP, Inc. is considering a project that will produce cash inflows of $55,000 in year one, $39,000 in year two, and $48,000 in year

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4. CNP, Inc. is considering a project that will produce cash inflows of $55,000 in year one, $39,000 in year two, and $48,000 in year three. What is the present value of these cash inflows if the company assigns the project a discount rate of 5.6 percent? a. $127,818 b. $128,329 c. $129,113 d. $130,694

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