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A retailer is looking to expand operations at all of their stores for an initial investment of $ 7 2 0 . This investment will

A retailer is looking to expand operations at all of their stores for an initial investment of $720. This investment will be depreciated on a straight line basis over the project's 8 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 $310 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 36% and the project's required rate of return is 14%?
$394.87
$1790.65
$350.65
$-72.73
$1126.40

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