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i need explanation for the answer and how we got 303520 44. Charni Chemical Company is considering purchasing an equipment which has an initial investment

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44. Charni Chemical Company is considering purchasing an equipment which has an initial investment of Rs. 500000 which has a useful life of 4 years. The annual net cash flows (after tax) are Rs. 248000. The discount rate is 09 per cent. What is the NPV of the equipment? a. Rs. 803520 b. Rs. 500000 c. Rs. 535680 d. Rs. 303520

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