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(NPV calculation) Calculate the NPV given the following free cash flows, if the appropriate required rate of return is 11 percent. Should the project be

(NPV calculation) Calculate the NPV given the following free cash flows, if the appropriate required rate of return is 11 percent. Should the project be accepted?

YEAR

CASH FLOWS

0

$90,000

1

20,000

2

20,000

3

20,000

4

20,000

5

20,000

6

20,000

What is the project's NPV?

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