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Consider an investment project in which you invest $1,000 today in order to receive $400 at the end of each of the next 5 years.

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Consider an investment project in which you invest $1,000 today in order to receive $400 at the end of each of the next 5 years. If the cost of capital is 11% per year, what is the NPV? $430.95 a. $942.43 b. $478.36 C. $454.68 O d. $1,000.00

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