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Cummings Products Company is considering the following investment. The project s expected cash flows are as follows: Year Cash flow 0 - $ 3 ,

Cummings Products Company is considering the following investment. The projects expected cash flows are as follows:
Year
Cash flow
0
-$3,000
1
-3,870
2
-1,930
3
6,000
4
6,000
5
-11,000
6
8,500
7
2,800
8
-5,000
Assume a discount rate of 15 percent. What is the PV of all cash outflows?
Group of answer choices
- $13,263.28
- $ 15,798.52
- $14,928.03
- $16,782.56
- $ 12,246.59

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