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A project has estimated annual net cash flows of $ 1 5 , 0 0 0 for two years and is estimated to cost $

A project has estimated annual net cash flows of $15,000 for two years and is estimated to cost $35,000. Assume a minimum acceptable rate of return of 12%. Use the Present Value of an Annuity of $1 at Compound Interest table below.
Present Value of an Annuity of $1 at Compound Interest
\table[[Year,6%,10%,12%,15%,20%
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