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Stanley Company invested in an asset with a useful life of 4 years and no salvage value. The companys expected rate of return is 12%.

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Stanley Company invested in an asset with a useful life of 4 years and no salvage value. The companys expected rate of return is 12%. The cash inflows and present value factors for 4 years are as follows: If the asset generates a positive net present value of exist3,000, what was the amount of the original investment? a. exist31,050 b. exist8,036 c. exist34,050 d. exist28,050

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