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A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows: Year Cash Flow

A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows:

Year Cash Flow
0 -28700
1 12700
2 15700
3 11700

What is the NPV for the project if the required return is 12 percent?

NPV?

What is the NPV for the project if the required return is 24 percent?

NPV?

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