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Correl Corporation has provided the following data concerning an investment project that it is considering: Initial investment $190,000 Annual cash flow $55,000 per year Salvage
Correl Corporation has provided the following data concerning an investment project that it is considering: Initial investment $190,000 Annual cash flow $55,000 per year Salvage value at the end of the project $25,000 The life of the project is 6 years. The company's discount rate is 15%. The net present value of the project is closest to: Multiple Choice O $12,425 $28,920 O $28,120 o O $32,425
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