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An investment of $75 generates after-tax cash flows of $50 in Year 1, $80 in Year 2, and $120 in Year 3. The required rate

An investment of $75 generates after-tax cash flows of $50 in Year 1, $80 in Year 2, and $120 in Year 3. The required rate of return is 20 percent. The net present value is closest to

$79.99.

$87.48.

$91.67.

$55.49.

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