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A project has an initial cost of $ 1 2 , 0 0 0 and projected cash inflows of $ 1 , 8 0 0

A project has an initial cost of $12,000 and projected cash inflows of $1,800, $1,800, $23,820, $26,220, and $28,400 for Years 1 to 5? The required return is 12 percent. What is the net present value of this project? Should this project be accepted or rejected based on NPV?
Group of answer choices
$-2,988.40; reject
$-3,008.42; reject
$3,729.25; accept
$42,263.18; accept
$40,774.90; accept

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