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the project has a beta of 0 . 8 7 . the expected market return is 1 2 . 3 percent and a risk free

the project has a beta of 0.87. the expected market return is 12.3 percent and a risk free rate of 3.7 percent. the project costs $1000 and is expected to general the annual cash flow of $150 a year for 15 years. what is the NPV?
$47.88
$77.88
$57.88
$37.88
$67.88

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