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Consider the project described in the table below. What is the project's net present value? Cost of Capital Rate 9% Time 0 1 2 3

Consider the project described in the table below. What is the project's net present value? Cost of Capital Rate 9% Time 0 1 2 3 4 Cash Flows ($11,500) $3,000 $3,500 $4,000 $4,500 Select one: a. $489 b. $475 c. $442 d. $456

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