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Not sure about the answer. Please explain step by step. A project is expected to create operating cash flows of $29,000 a year for three

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A project is expected to create operating cash flows of $29,000 a year for three years. The initial cost of the fixed assets is $60,000. These assets will be worthless at the end of the project. An additional $4,000 of net working capital will be required throughout the life of the project. What is the project's net present value if the required rate of return is 11 percent? $6.867.73 $2.454.55 $5, 792.49 $9792.49 $13, 792.49

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