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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 around $187,150. The firm has a cost of capital of 10.5 percent. Should this project be accepted, and why? Use the PI technique. PI=0.871,acceptPI=1.87>1,acceptPI=1.52>1,accept

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