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Odeletta Corporation is considering an investment of $516,000 in a land development project. The investment will yield cash inflows of $220,000 per year for five

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Odeletta Corporation is considering an investment of $516,000 in a land development project. The investment will yield cash inflows of $220,000 per year for five years. The company uses a discount rate of 9%. What is the net present value of the investment? Prasent value of an ordinarv annuitv of S1 : A. $339,800 B. $340,560 C. $237,360 D. $220,000

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