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Ignore income taxes in this problem.) The discount rate is 5%. Your Corporation is considering an investment project that will require an initial investment of
Ignore income taxes in this problem.) The discount rate is 5%. Your Corporation is considering an investment project that will require an initial investment of $9,400 and will generate the following net cash inflows in each of the three years of the project:
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| Year 1 | Year 2 | Year 3 |
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| Cash inflows.......... | $4,000 | $2,000 | $4,000 |
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| Cash outflows | $0 | $0 | $1,500 |
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What is the net present value for this investment project?
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