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Consider a company with the following reported net income (i.e. reported sales) and accounts receivable. Compute the cash flows in each of the three years

Consider a company with the following reported net income (i.e. reported sales) and accounts receivable. Compute the cash flows in each of the three years and report the NPV of these cash flows. Use a 7.9% discount rate. Assume Accounts Receivable in year 0 is $0. Year 1 2 3 Net Income $717 $771 $634 Accounts Receivable $132 $158 $221

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