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Problem 10.1 Riggs Corp, management is planning to spend $650,000 on a new marketing campaign. They believe that this action will result in additional cash
Problem 10.1 Riggs Corp, management is planning to spend $650,000 on a new marketing campaign. They believe that this action will result in additional cash flows of $345,000 over the next three years. If the discount rate is 17.5 percent, what is the NPW on this project? (Enter negative amounts using negative sign e g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decinal aces, e.g. 1,525.) The NPV is
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