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Gamma Corporation is considering an investment of $514,000 in a land development project. The investment will yield cash inflows of $210,000 per year for five
Gamma Corporation is considering an investment of $514,000 in a land development project. The investment will yield cash inflows of $210,000 per year for five years. The company uses a discount rate of 9%. What is the net present value of the investment? Present value of the ordinary annuity of $1: A. $302, 900 B. $210,000 C. $339, 240 D. $236, 440
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