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Fimbrez Corporation has provided the following data concerning an investment project that it is considering: Initial investment $190,000 Annual cash flow $120,000 per year Expected
Fimbrez Corporation has provided the following data concerning an investment project that it is considering: Initial investment $190,000 Annual cash flow $120,000 per year Expected life of the 4 years project 9% Discount rate Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table. The net present value of the project is closest to: (Round discount factor(s) to 3 decimal places, Intermediate and final answers to the nearest dollar amount.)
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