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A project costs $112,500 today. It will generate after-tax cash flows of $15,000 per year for the first 3 years and $36,000 per year in

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A project costs $112,500 today. It will generate after-tax cash flows of $15,000 per year for the first 3 years and $36,000 per year in year 4 and year 5, with a liquidation value of $25,000 upon receiving last year's cash flow. Suppose the cost of capital is 3%. What is this project's net present value? $4,038 $14,534 O $6,242 O $8,476 $17,242

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