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(Ignore income taxes in this problem.) ABC Co. is considering an investment opportunity having cash flows as described below: Project I would require an immediate

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(Ignore income taxes in this problem.) ABC Co. is considering an investment opportunity having cash flows as described below: Project I would require an immediate cash outlay of $10,000 and would result in cash savings of $3,000 each year for 8 years. Required: If ABC Co. has a required rate of return of 14%, determine if the project is acceptable. Use the NPV method. A. No acceptable, because NPV is ($3,917) B. Yes acceptable, because NPV is $3,917 C. It doesn't matter because NPV is $0 D. none of the above

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