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A project manager wants to invest in a project with an initial cost of $ 5 8 , 5 0 0 and cash flows of

A project manager wants to invest in a project with an initial cost of $58,500 and cash flows of $32,400 and $38,500 in Years 1 and 2. The manager's
employer requires a discount rate of 10 percent and also a return of $1.10 in today's dollars for every $1 invested. Will the project be approved? Why or
why not?
Multiple Choice
Yes; because the NPV is positive.
No; because the project does not meet either requirement.
Yes; because the PI is greater than 1.
No; while the project returns more than 10 percent it does meet the $1.10 per $1 requirement.
Yes; because both criteria are met.
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