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A 4-year project with an initial cost of $119,000 and a required rate of return of 17 percent has a chance of success of 9

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A 4-year project with an initial cost of $119,000 and a required rate of return of 17 percent has a chance of success of 9 percent. If the project succeeds, the annual cash flow will be $1,591,000 If the project fails, the annual cash flow will be $214,000. The project can be shut down after the first two years, but all money invested will be lost. None of the initial cost can be recouped after four years. What is the net present value of this project at Time 0 ? Multiple Choice $273,803 $141,413.77 $260,414 $84,099 $34,901

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