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A project requires a $34,000 initial investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 Year 2 Year 3 Total
A project requires a $34,000 initial investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 Year 2 Year 3 Total $ 13,600 $ 8,800 $ 11,600 $ 34,000 Assuming a discount rate of 11%, what is the net present value (rounded to the nearest whole dollar) of this investment? Selected present value factors for a single sum are shown in the table below: i = 11% i = 11% i = 11% n = 1 n = 2 n = 3 0.9009 0.8116 0.7312 $24,140 $27,876
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