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Draw timeline and apply approapriate formulas to answer the following question. A project requires a current investment of $500 and yields future cash flows of
Draw timeline and apply approapriate formulas to answer the following question. A project requires a current investment of $500 and yields future cash flows of $400, $600, $600, $700, $300 and $200. What is the net present value of this project? Format the answer as currency. USE Extra space as needed The appropriate discount rate is: 6.00% NPV: Format the cell as Currency
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