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A project has estimated annual net cash flows of $10,000 for nine years and is estimated to cost $40,000. Assume a minimum acceptable rate of
A project has estimated annual net cash flows of $10,000 for nine years and is estimated to cost $40,000. Assume a minimum acceptable rate of return of 12%. Use the Present Value of an Annuity of $1 at Compound Interest table below. Determine (1) the net present value of the project (if required, round to the nearest dollar) and (2) the present value index (rounded to two decimal places). If required, use the minus sign to indicate a negative net present value
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