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The Horizon Company will invest ( $ 60,000 ) in a temporary project that will generate the following cash inflows for the next three years.

image text in transcribed The Horizon Company will invest \\( \\$ 60,000 \\) in a temporary project that will generate the following cash inflows for the next three years. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. The firm will also be required to spend \\( \\$ 15,000 \\) to close down the project at the end of the three years. a. Compute the net present value if the cost of capital is 9 percent. Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places. b. Should the investment be undertaken? No Yes

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