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A project requires a $40,000 initial investment and is expected to generate end-of-period annual cash inflows of $18,000 for each of three years. Assuming

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A project requires a $40,000 initial investment and is expected to generate end-of-period annual cash inflows of $18,000 for each of three years. Assuming a discount rate of 12%, what is the net present value of this investment? Selected present value factors for a single sum are shown in the table below: i = 128 1-12 i 128 n-1 n-2 n = 3 0.8929 0.7972 0.7118 Multiple Choice: 50 $6,451 $(12,969) $3,234

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