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Hadden Corporation is evaluating a caphal investment opportunily. This project would requive an initial imestment of $35,000 to purchase equipment. The equpment will have a

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Hadden Corporation is evaluating a caphal investment opportunily. This project would requive an initial imestment of $35,000 to purchase equipment. The equpment will have a residual value at the end of its lte of $5,000. The usetul ife of the equipment is 5 years. The new peoject is expected to generate additional net cash inflows of $24,000 per year for each of the five years. The company's required rate of return is 10%. The net present value of this project is closest to? A. 855,004 n. 572.354 c. 597,704 D. 559009

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