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A project requires a $35,000 initial investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 $ 14,000 Year 2
A project requires a $35,000 initial investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 $ 14,000 Year 2 $9,000 Year 3 $ 12,000 Total $ 35,000 Assuming a discount rate of 12%, what is the net present value (rounded to the nearest whole dollar) of this investment? Selected present value factorm for a single sum are shown in the table below: 1-128 n 1 1-128 12 i = 129 0.8929 0.7972 n = 3 0.7118
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