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The development of a product requires an immediate investment of $100,000, and further investments of $40,000 at the end of each of the next four

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The development of a product requires an immediate investment of $100,000, and further investments of $40,000 at the end of each of the next four years. Net returns are expected to be $25,000 per year for 10 years, starting at the end of the fourth year. If the company requires a rate of return of 10% compounded annually, what is the net present value of the development project? Should the project be undertaken? $36,994.64; NO O $152,407.24: YES $111.382.01: YES $111.382.01: NO $152,407.24: NO

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