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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 7 years. The company's discount rate is 15%. The net present value of the project is closest to: Multiple Choice 0 $28,800 0 $32,425 0 $49,400 0 $48,200
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