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A firm evaluates all of its projects by using the NPV decision rule. Year Cash Flow 0 $ 29,000 1 22,000 2 14,000 3 7,000

A firm evaluates all of its projects by using the NPV decision rule. Year Cash Flow 0 $ 29,000 1 22,000 2 14,000 3 7,000

a. At a required return of 23 percent, what is the NPV for this project?

b. At a required return of 37 percent, what is the NPV for this project?

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