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

Question 3: Time: 15 minutes Total: 10 marks Calculate the net present value of a project with the given cash ows if the required rate of return is 13 percent. Make sure to show detailed calculations. Year cash ow 0 -36,570 1 12,123 2 20,201 3 5,100

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