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Moates Corporation has provided the following data concerning an investment project that it is considering: Initial investment Annual cash flow Expected life of the project

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Moates Corporation has provided the following data concerning an investment project that it is considering: Initial investment Annual cash flow Expected life of the project Discount rate $310,000 $137,000 per year 4 years 11% Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factors) using the tables provided. The net present value of the project is closest to: Multiple Choice $115,11 o oo O $310.000 O $(173,000) O $15,1

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