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Suppose Happy Dog Soap Company is evaluating a proposed capital budgeting project (project Apha) that will require an initial investment of $450,000. The project is

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Suppose Happy Dog Soap Company is evaluating a proposed capital budgeting project (project Apha) that will require an initial investment of $450,000. The project is expected to generate the following net cash niows: Happy Dog Sasp Company's weighted averoge cost of capital is 7\%v, and project Alpha has the same risk as the firm's average project. Based on the cash flows; what is project Alpha'b net present value (NPV)? $1,121,326$975,066$1,425,066$1,170,079 Making the accept or reject decision Happy Dog Soap Companys deosion to accept or reject project Alpha is independent of its decisions on other projects, If the firm follows the NPV method, it should project Alpha

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