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Consider the following project. Suppose you require a return of 1 5 percent on your investment. Year Cash Flow 0 , - $ 3 4

Consider the following project. Suppose you require a return of 15 percent on your investment.
Year Cash Flow
0,-$344,000
1,51,000
2,71,000
3,71,000
4,446,000
What is the NPV for this project? b) If you apply the NPV criterion, will you choose to invest in this project?
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