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Davis makes an investment of $25,000 that provides the following cash flows: Year 1 $13,000 Year 2 $14,000 Year 3 $4,000 What is the net

Davis makes an investment of $25,000 that provides the following cash flows:

Year 1 $13,000

Year 2 $14,000

Year 3 $4,000

What is the net present value of the project assuming an 8% cost of capital?

a$1,799

b$2,642

c$2,212

d$6,000

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