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Net Presente project has estimated annual net cash flows of $11,250 for nine years and is estimated to cost $30,000. Assume a minimum acceptable rate

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Net Presente project has estimated annual net cash flows of $11,250 for nine years and is estimated to cost $30,000. Assume a minimum acceptable rate of return of 12. Use the Present Value of an Annuity of Stat Compound Interest table below Present Value of an Annuity of $1 at Compound Interest Year 10% 12% 20% 1 0.943 0.909 0.893 0.670 0.833 2 1736 1.690 1.626 1.520 3 2673 2.487 2.402 2.283 2105 4 3.465 3,170 3,037 2.655 2509 5 4.212 3.791 2.605 3.353 2.991 G 4.912 4.355 4111 3.785 7 5.582 4.560 4.150 3.605 8 6.210 5.335 4.968 4487 3.837 9 6.802 5.759 5.32 4,772 4.031 10 7.360 6.145 5.650 5.019 Determine (a) the represent value of the project and (b) the Ir the mission to indicative presente Net present value of the project round to the nearest dollar) Precent value index (rounded to two decimal places)

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