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Industrial Conglomerate has the opportunity to invest in a 4-year project that requires an initial investment of $800,000 and generates cash flow of $200,000 in

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Industrial Conglomerate has the opportunity to invest in a 4-year project that requires an initial investment of $800,000 and generates cash flow of $200,000 in each of the first 2 years and $300,000 in each of the last 2 years. If the firm has a weighted average cost of capital of 12%, the firm should the project because Accept; net present value is negative Accept; net present value is positive Reject; net present value is positive Reject; net present value is negative

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