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Gordo Corporation has a project with the following cash flows. If the project requires an initial investment (today) of $1,000, what is the net present
Gordo Corporation has a project with the following cash flows. If the project requires an initial investment (today) of $1,000, what is the net present value of the project if the required rate of return (discount rate) is 7.23 percent per year?
Year Cash Flow
1 $1,560
2 $1,910
3 $2.185
4 $3,025
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