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Gamma Corporation is considering an investment of $516,000 in a land development project. The investment will yield cash inflows of $200,000 per year for five

Gamma Corporation is considering an investment of $516,000 in a land development project. The investment will yield cash inflows of $200,000 per year for five years. The company uses a discount rate of 9%. What is the net present value of theinvestment? a $237,360 b $340,560 c $200,000 d $262,000

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