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ect s het present value. 2. The management of XYZ Inc. plans to invest in a project that has the data a below: $ Investment outlay (100,000) Year 1 annual cost savings 40,000 Year 2 annual cost savings 40,000 Year 3 annual cost savings 40,000 Year 4 annual cost savings 20,000 The company's required return is 10 per cent per annum. Calculate the net present value and advice the management whether to accept or reject the project