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Consider the Obsidian Project, which requires an investment of $354,804 initially, with subsequent cash flows of $52,661, $78,720 and $91,440. We can characterize the project
Consider the Obsidian Project, which requires an investment of $354,804 initially, with subsequent cash flows of $52,661, $78,720 and $91,440. We can characterize the project with the following end-of-year cash flows: Period Cash Flow (354,804) 0 1 52,661 78,720 2 N 91,440 3 What is the net present value (NPV) of the Obsidian Project if the required rate of return for the project is 10%
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