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A capital budgeting project has a net investment of $250,000 and is expected to generate net cash flows of: $30,000 in the first year, $60,000

A capital budgeting project has a net investment of $250,000 and is expected to generate net cash flows of: $30,000 in the first year, $60,000 in the second year, $75,000 in the third year, $90,000 in the fourth year, and $150,000 in the fifth year. What is the net present value at a 11% required rate of return?

a. $28,868

b. -$3,191.50

c. -$168,356

d. $125,650

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