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Calculate the net present value (NPV) for the following project. The project requires an initial investment of $18,000 and provides 5 annual cash inflows of

Calculate the net present value (NPV) for the following project. The project requires an initial investment of $18,000 and provides 5 annual cash inflows of $20,600. Assume a cost of capital of 5.2%.

A. 70 696.29

B. 70 458.23

C. 70 388.15

D. 70 658.21

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