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Blossom recently invested in a project with a 3-year life span. Annual cash inflows will be $35,000 for year 1; $37,000 for year 2; and

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Blossom recently invested in a project with a 3-year life span. Annual cash inflows will be $35,000 for year 1; $37,000 for year 2; and $39,000 for year 3. The initial investment for the project, assuming a 15% required rate of return, was $73,684 Present Value PV of an Annuity Year of 1 at 15% of 1 at 15% 1 0.870 0.870 0.756 1.626 N 3 0.658 2.283 1. What is the project's net present value? 2. Should Blossom accept or reject the project?

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