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A retailer is looking to expand operations at all of their stores for an initial investment of $ 640 . This investment will be depreciated

A retailer is looking to expand operations at all of their stores for an initial investment of $640. This investment will be depreciated on a straight line basis over the project's 10 year life. The expansion is expected to produce annual cash inflows of $620 in consecutive years over the life of the project beginning one year from today, while also producing annual cash outflows of $360 in consecutive years over the life of the project, also beginning one year from today. What is the project's NPV if the corporate tax rate is 30% and the project's required rate of return is 11%?

$68.60
$544.91
$1372.00
$483.20
$1824.91

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