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A project that costs $20,000 and returns $5000 annually for 5 years has a NPV of $500 (using a discount rate of 7%), then the

A project that costs $20,000 and returns $5000 annually for 5 years has a NPV of $500 (using a discount rate of 7%), then the present value of the cash inflows must be

Question 4 options:

$20,500

$5,500

$25,500

Cannot be determined with the information given.

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