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Suppose your firm is considering investing in a project with the cash flow shown below, that the required rate of return on projects of this

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Suppose your firm is considering investing in a project with the cash flow shown below, that the required rate of return on projects of this risk class is 9 percent, and that the maximum allowable payback and discounted payback statistics for the project are 35 and 45 years, respectively, Time Cash flow 34.900 $1,220 52, 420 $1,620 51,020 5 51,420 $1220 Use the NPV decision rule to evaluate this project. (Negative amount should be indicated by a minus sign. Do not round Intermediate calculations and round your final answer to 2 decimal places.) NY 1 306 00

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