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M Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 380,000 Annual cash flow $ 124,000 per
M Corporation has provided the following data concerning an investment project that it is considering:
Initial investment | $ | 380,000 | |
Annual cash flow | $ | 124,000 | per year |
Expected life of the project | 4 | years | |
Discount rate | 10 | % | |
Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.
The net present value of the project is closest to:
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