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A business contract is estimated to yield net returns of $7000 quarterly for seven years. To secure this contract, $80 000 must be paid immediately

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A business contract is estimated to yield net returns of $7000 quarterly for seven years. To secure this contract, $80 000 must be paid immediately and a further spending of $60 000.00 three years from now is required. If interest is 6% compounded quarterly, determine if the contract should be accepted or rejected. Select one: a. Do not accept the contract because the net present value is -$15,384 b. Accept the contract because the net present value is $28,904 c. Accept the contract because the net present value is $15,384 d. Do not accept the contract because the net present value is -$28,904

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