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A project requires a $46,000 initial investment and is expected to generate end-of-period annual cash infiows of $21,000 for each of three years. Assuming a

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A project requires a $46,000 initial investment and is expected to generate end-of-period annual cash infiows of $21,000 for each of three years. Assuming a discount rate of 10%, what is the net present value of this investment? Selected present value foctors for a single sum are shown in the table belew: Multiple Choice 50 $12,431 5(13,057) $6,223 552,223

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