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A company is considering an iron ore extraction project that requires an initial investment of $514,000 and will yield annual cash inflows of $154,000 for
A company is considering an iron ore extraction project that requires an initial investment of $514,000 and will yield annual cash inflows of $154,000 for four years. The company's discount rate is 9%. What is the NPV of the project? Present value of an ordinarv annuitv of $1. A. $102,800 B. $15,040 C. $(102,800) D. $(15,040)
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