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Torn Corporation is considering investing in a four year project. Cash inflows from the project are expected to be as follows: Year 1, P2,000; Year2,

Torn Corporation is considering investing in a four year project. Cash inflows from the project are expected to be as follows: Year 1, P2,000; Year2, P2,200; Year 3, P2,400; Year 4, P2,600. If using a discount rate of 8%, the project has a positive net present value of P500, what was the amount of the original investment? a. P1,411. b. P2,411. c. P7,054. d. P8,054.

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