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A project requires an intial investment of $100,000 (at t=0 ) and is expected to generate cash flows of $50,000 per year for the next

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A project requires an intial investment of $100,000 (at t=0 ) and is expected to generate cash flows of $50,000 per year for the next 5 years ( t=1 to t=5 ). The present value of the 5 positive cash flows is arotind $187,150. The firm has a cost of capital of 10.5 percent. Should this project be accepted, and why? Use the Pl technique. P1=1.52>1,acceptPI=0.871,acceptPI=2.87>1,accept

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