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The cash flows and Net salvage value of Project B is given the following table: Year Cash flows Salvage Value 0 -5,800 5,800 1 2,100

The cash flows and Net salvage value of Project B is given the following table:

Year

Cash flows

Salvage Value

0

-5,800

5,800

1

2,100

2,200

2

1,400

1,600

3

1,600

1,200

4

1,800

200

Given the cost of capital is 8%, Calculate the NPV for its Economic Life and determine what are its economic life and physical life of Project B?

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