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Question 3: Time: 15 minutes Total: 10 marks Calculate the net present value of a project with the given cash flows if the required rate

Question 3:

Time: 15 minutes

Total: 10 marks

Calculate the net present value of a project with the given cash flows if the required rate of return is 13 percent. Make sure to show detailed calculations.

Year cash flow

0 -36,570

12,123
20,201

3 5,100

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