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The Cambro Foundation, a nonprofit organization, is planning to invest $174,843 in a project that will last for three years. The project will produce net
The Cambro Foundation, a nonprofit organization, is planning to invest $174,843 in a project that will last for three years. The project will produce net cash inflows as follows: Year 1 $ 74,000 Year 2 $ 87,000 Year 3 ? Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table. Required: Assuming that the project will yield exactly a 8% rate of return, what is the expected net cash inflow for Year 3? (Round discount factor(s) to 3 decimal places.)
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