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A project has a discount rate of 1 6 percentan initial cost of $ 1 0 2 , 0 0 0 , an inflow of

A project has a discount rate of 16 percentan initial cost of $102,000, an inflow of 85,000 in Year 1and an inflow of $35,000 in Year 2. Your boss requires that every project return a minimum of $1.01 for every $1 investedBased on this informationwhat is your recommendation on this project?

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