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Holland Enterprises will invest $ 9 0 , 0 0 0 in a project that will produce the following cash flows. The cost of capital

Holland Enterprises will invest $90,000 in a project that will produce the following cash flows. The cost of capital is 11 percent. What is the NPV? Should the project be undertaken? (Note that the fourth years cash flow is negative.) Year Cash Flow 1 $26,000244,000338,0004(44,000)581,000

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