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Bulldog Inc. is making an initial investment of $222660 and requires a rate of retum of 12 percent. You expect to receive $76824 in
Bulldog Inc. is making an initial investment of $222660 and requires a rate of retum of 12 percent. You expect to receive $76824 in the first year, $97558 in the second year, and $117272 in the third year. The project will be closed out at the end of the third year. What is the net present value of this investment?
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
