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A factory costs $440,000. You forecast that it will produce cash inflows of $140,000 in year 1, $200,000 in year 2, and $340,000 in year

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A factory costs $440,000. You forecast that it will produce cash inflows of $140,000 in year 1, $200,000 in year 2, and $340,000 in year 3. The discount rate is 11%. a. Calculate the PV of cash inflows. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present $ value b.Is the factory a good investment? Yes No

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