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Sheridan is contemplating a capital project costing $34584. The project will provide annual cost savings of $13000 for 3 years and have a salvage value

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Sheridan is contemplating a capital project costing $34584. The project will provide annual cost savings of $13000 for 3 years and have a salvage value of $3000. The company's required rate of returnis 10%. The company uses straight-line depreciation. This project is acceptable because it has a positive NPV. unacceptable because it earns a rate less than 10%. unacceptable because it has a negative NPV. acceptable because it has a zero NPV

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