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The details of an investment project are as follows: Cost of asset bought at the start of the project $80,000 Annual cash inflow $25,000 Cost
The details of an investment project are as follows: Cost of asset bought at the start of the project $80,000 Annual cash inflow $25,000 Cost of capital 5% each year Life of the project 8 years The present value of the cash flows that occur in the second year of the project is: O a $23,800 O b. $22,675 O c. $21,000 O d. $20,575
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