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8. A project has an initial cost of $1000. Incremental cash flows are estimated to be $200 each year for 8 years of useful life.

8. A project has an initial cost of $1000. Incremental cash flows are estimated to be $200 each year for 8 years of useful life. Use a discount rate of 8% (PVIF yr 1: .926, yr 2: .857, yr 3: .794, yr ...

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