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A factory costs $350,000. You forecast that it will produce cash inflows of $75,000 in year 1, $135,000 in year 2, and $210,000 in year

A factory costs $350,000. You forecast that it will produce cash inflows of $75,000 in year 1, $135,000 in year 2, and $210,000 in year 3. The discount rate is 11%.

a) Calculate the Present Value of cash inflows. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

b.) Is the factory a good investment? Yes or No?

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