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Tampa Corporation is considering an investment proposal that will require an initial outlay of $818,000 and would yield yearly cash inflows of $212,000 for nine

Tampa Corporation is considering an investment proposal that will require an initial outlay of $818,000 and would yield yearly cash inflows of $212,000 for nine years. The company uses a discount rate of? 10%. What is the NPV of the? investment????

Present value of an ordinary annuity of? $1:

?8%

?9%

?10%

1

0.926

0.917

0.909

2

1.783

1.759

1.736

3

2.577

2.531

2.487

4

3.312

3.24

3.17

5

3.993

3.89

3.791

6

4.623

4.486

4.355

7

5.206

5.033

4.868

8

5.747

5.535

5.335

9

6.247

5.995

5.759

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