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Please help! I will thumbs up!! WonderfulDay Company is evaluating a capital investment oppontunity. This project would require an inital imestment of $34,000 to purchase

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WonderfulDay Company is evaluating a capital investment oppontunity. This project would require an inital imestment of $34,000 to purchase equipment. The equipment will have a residual value at the end of its Ife of $5,000. The iseful life of the equipment is 3 years. The new prolect is expected to generale additional net cash inflows of $22,000 per year for each of the three years. The company's roquired rate of retum is 12%. The net prosent value of this project is closest to. a residual value at the end of its life of $5,000. The useful life of the equipment is 3 years. The for each of the three years. The company's required rate of return is 12%. The net present valu A. $8,634 B. $22,404 C. $18,844 D. $32,196

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