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A given project requires a $40,500 investment and is expected to generate end-of period annual cash inflows of $18,000 for each of three years. Assuming

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A given project requires a $40,500 investment and is expected to generate end-of period annual cash inflows of $18,000 for each of three years. Assuming a discount rate of 10%, what is the net present value of this investment? Selected present value factors for a single sum are shown in the table below: i = 10% n-1 0.9091 i = 10% n- 2 i = 10% n3 0.8264 0.7513 Multiple Choice $44,763 $5,090 ($16,364) S0

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