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Calataki Inc. is considering a new project. The project has expected operating cash flows of $ 3 0 , 0 0 0 a year for

Calataki Inc. is considering a new project. The project has expected operating cash flows of $30,000 a year for 4 years. The project requires $39,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project initially requires $3,000 of net working capital that will be recouped at the end of the project. What is the net present value of this project at a required rate of return of 13 percent?
a) $49,074.10
b) $23,704.29
c) $32,409.57
d) $52,029.40
e) $46,268.35
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