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Problem 10.46 An investment of $85 generates after-tax cash flows of $30 in Year 1, $80 in Year 2, and $90 in Year 3. The
Problem 10.46 An investment of $85 generates after-tax cash flows of $30 in Year 1, $80 in Year 2, and $90 in Year 3. The required rate of return is 20 percent. The net present value is closest to $69.16. $84.95. $47.64. $46.77.
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