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A project has the following cash flows: Initial Outlay Year 1 Year 2 Year 3 -$80,000 +$20,000 +$20,000 +$80,000 Calculate the net present value of

A project has the following cash flows:

Initial Outlay Year 1 Year 2 Year 3
-$80,000 +$20,000 +$20,000 +$80,000

Calculate the net present value of the project with cash flows above, if the required rate of return is 15% per annum.

$40,000

$7,948.34

None of the given answers

$5115.48

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