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A project's annual revenues will be $50,000 the first ^ ear and will decrease by $1500 per year over its 20-year life. If the firm's

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A project's annual revenues will be $50,000 the first ^ ear and will decrease by $1500 per year over its 20-year life. If the firm's interest rate is 12%, what is the project's present worth? (a) $305, 998 (b) $373, 450 (c) $384, 654 (c) $440, 902 (d) $440, 902

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