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A project requires a $28,000 initial investment and is expected to generate end-of-peniod annual cash inflows of $13,000 for each of three years. Assuming a

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A project requires a $28,000 initial investment and is expected to generate end-of-peniod annual cash inflows of $13,000 for each of three years. Assuming a discount rate of 14%, what is the net present value of this investment? Selected present value factors for a single sum are shown in the table below: i=148n=10.87721=148n=20.76951=148n=30.6750 Mutiple Choice 50 $4,345 5(10,563) $0 $4,345 $(10,563) $2,182 $30,182

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