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Net present value method ( LO 1 2 - 4 ) The Horizon Company will invest $ 6 0 , 0 0 0 in a

Net present value method (LO12-4)
The Horizon Company will invest $60,000 in a temporary project that will
generate the following cash inflows for the next three years:
The firm will also be required to spend $10,000 to close down the project at the
end of the three years. If the cost of capital is 10 percent, should the investment
be undertaken?
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