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A project will produce cash inflows of $2,800 a year for 4 years with a final cash inflow of $5,700 in year 5 . The

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A project will produce cash inflows of $2,800 a year for 4 years with a final cash inflow of $5,700 in year 5 . The project's initial cost is $12,000. What is the net present value of this project if the required rate of return is 11 percent? $69.52$311.02$1,048.75$5,700$62.63

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