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Mini, Inc. is contemplating a capital project costing $31,346. The project will provide annual cost savings of $12,000 for 3 years and have a salvage

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Mini, Inc. is contemplating a capital project costing $31,346. The project will provide annual cost savings of $12,000 for 3 years and have a salvage value of $2,000. The company's required rate of return is 10%. This project is: Unacceptable because it has a negative NPV Acceptable because it has a zero NPV Acceptable because it has a positive NPV Unacceptable because it earns a rate less than 10%

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