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Project A requires an original investment of $57,800. The project will yield cash flows of $16,000 per year for seven years. Project 8 has a

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Project A requires an original investment of $57,800. The project will yield cash flows of $16,000 per year for seven years. Project 8 has a cakculated nce present value $2,340 over a four year life. Project A could be sold at the end of four years for a price of $18,200. Below is a table for the present value of $1 at Compound interest. Below is a table for the present value of an annuity of $1 at compound interest. (a) Using the present value tables above, determine the net present value of Project A over a four-year life with salvage value assuming a minimum rate of return of 12\%. Round your answer to two decimal places. (b) Which profect provides the greatest net present value? Project A requires an original investment of $57,800. The project will yield cash flows of $16,000 per year for seven years. Project 8 has a cakculated nce present value $2,340 over a four year life. Project A could be sold at the end of four years for a price of $18,200. Below is a table for the present value of $1 at Compound interest. Below is a table for the present value of an annuity of $1 at compound interest. (a) Using the present value tables above, determine the net present value of Project A over a four-year life with salvage value assuming a minimum rate of return of 12\%. Round your answer to two decimal places. (b) Which profect provides the greatest net present value

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