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At current prices and a 10 percent cost of capital, a project's NPV is $100,000. By what minimum amount must the initial cost of the

At current prices and a 10 percent cost of capital, a project's NPV is $100,000. By what minimum amount must the initial cost of the project decrease (revenues will be unchanged) before you would prefer to wait two years before investing?

$26,000

$21,000

$27,690

$29,380

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