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Smith Company has the following annual cash flows: Year 0:-173,160 Year 1:614,718 Year 2:-726,406 Year 3:285,714 Which discount rate provides a positive net present value

Smith Company has the following annual cash flows:

Year 0:-173,160

Year 1:614,718

Year 2:-726,406

Year 3:285,714

Which discount rate provides a positive net present value (NPV) given this information?

Question 12 options:

15%

21%

18%

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