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NPV with Non-Normal Cash Flows Compute the NPV statistic for Project U and rec ommend whether the firm should accept or reject the project with

NPV with Non-Normal Cash Flows Compute the NPV statistic for Project U and recommend whether the firm should accept or reject the project with the cash flows shown

below if the appropriate cost of capital is 10 percent.

Project U

Time: 0 1 2 3 4 5

Cash flow -$1,000 $350 $1,480 $520 $300 -$100

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