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Question 3 4 Net Present Value: A project requires an initial investment of $ 5 , 0 0 0 and is expected to return $

Question 34
Net Present Value: A project requires an initial investment of $5,000 and is expected to return $3,000 in year 1,$2,500 in year 2, and $2,000 in year 3. If the discount rate is 10%, what is the NPV of the project?
Select one
A. $1,247
B. $1,320
C. $1,500
D. $1,578
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