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Initial investment $700,000 Annual cash flow $266,000 Shoultz Corporation has provided the data shown concerning an investment project that it's considering. The life of the

Initial investment $700,000

Annual cash flow $266,000

Shoultz Corporation has provided the data shown concerning an investment project that it's considering. The life of the project is four years. The company's discount rate is 12 percent. The net present value of the project is closest to

A. 364,000

B. 700,000

C. 108,108

D. 808,108

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