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An investment has an initial installed cost of $456. The cash flows over the four-year life of the investment are projected to be $280, $300,

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An investment has an initial installed cost of $456. The cash flows over the four-year life of the investment are projected to be $280, $300, $340, and $100, in years 1,2,3, and 4, respectively. The discount rate is 32.4560%. At what discount rate is the NPV just equal to zero? a. 47.2964% b. 8.1140% c. 32.4560% d. 12.4500% e. None of the above

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