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A project requires a $38,000 initial investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 $ 17,000 Year 2
A project requires a $38,000 initial investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 $ 17,000 Year 2 $ 18,000 Year 31 $ 17,000 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. 1-118 n 1 0.9009 i-128 2 0.8116 1-118 -3 0.7312 Multiple Choice $0 $4,355 $10.752) m
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