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An initial investment of $1000 provides cash inflows of $600 at the end of each of the next two years. Assuming the applicable discount rate

An initial investment of $1000 provides cash inflows of $600 at the end of each of the next two years. Assuming the applicable discount rate is 10%, the net present value is______?

A.) Less than $30

B.) More than $30 but less than $40

C.) More than $40 but less than $50

D.) More than $50

E.) None of the above

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