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Heartland, Inc. is considering an eight-year project that has an initial after-tax outlay or after-tax cost of $180,000. The future after-tax cash inflows from its

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Heartland, Inc. is considering an eight-year project that has an initial after-tax outlay or after-tax cost of $180,000. The future after-tax cash inflows from its project for years 1 through 8 are the same at $38,000 Heartland uses the net present value method and has a discount rate of 11.50% Will Heartland accept the project? O Heartland accepts the project because the NPV is about $12,114 Heartland rejects the project because the NPV is less than $12,000. Heartland accepts the project because the NPV is about $11,114 Heartland rejects the project because the NPV is about $11,114 QUESTION 22

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