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please use the fomula, dont use the excel Project Alpha offers the following net cash flows following an initial (year 0), certain outlay (NINV) of

please use the fomula, dont use the excel

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Project Alpha offers the following net cash flows following an initial (year 0), certain outlay (NINV) of $70,000 : a. Compute the NPV of this project at a 12 percent cost of capital. b. If the risk-free rate is 4 percent, what is the certainty equivalent NPV for Project Alpha

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