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A project requiring a $120,000 initial investment has projected cash flows of $43,000 in year 1, $61,000 in year 2, $28,000 in year 3, and

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A project requiring a $120,000 initial investment has projected cash flows of $43,000 in year 1, $61,000 in year 2, $28,000 in year 3, and $16,000 in year 4. Assuming a cost of capital of 12%, which of the following is true? a) The project should be accepted with a NPV of $2,880.18. Ob) The project should be accepted with a NPV of $28,000.00 c) The project should be rejected with a NPV of - $2,880.18. d) The project should be accepted with a NPV of $117,119.82. e) The project should be rejected with a NPV of $852.93

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