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NET PRESENT VALUE 8. The Quarry Corporation will invest $238,000 in a project that will produce the following cash flows. The cost of capital is

NET PRESENT VALUE

8. The Quarry Corporation will invest $238,000 in a project that will produce the following cash flows. The cost of capital is 8 percent. Compute the Net Present Value. Should the project be undertaken?

YEAR CASH FLOW

1 $52,000

2 $58,000

3 $64,000

4 $59,000

5 $55,000

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