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The financial manager is evaluating a proposal for a new project with a cost of capital of 13.5%. The cash flows for the project are

The financial manager is evaluating a proposal for a new project with a cost of capital of 13.5%. The cash flows for the project are estimated as follows: Year Net cash flows 0 -R 2 000 000 1 R 850 000 2 R 750 000 3 R 650 000 The NPV is

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