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The ABC Resort is redoing its golf course at a cost of $ 9 5 1 , 0 0 0 . It expects to generate

The ABC Resort is redoing its golf course at a cost of $951,000. It expects to generate cash flows of $520,000,
$685,000 and $156,000 over the next three years. If the appropriate discount rate for the company is 12.3 percent,
what is the NPV of this project (to the nearest dollar)?
a. $43087
b. $232169
c. $2067360
d. $165360
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