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5. Sloan Inc. recently invested In a project with a 3-year life span. The net present value was $9,000 and annual cash inflows were $21,000

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Sloan Inc. recently invested In a project with a 3-year life span. The net present value was $9,000 and annual cash inflows were $21,000 for year 1; $24,000 for year 2; and $27,000 for year 3. The initial investment for the project, assuming a 1S% required rate of return, was

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