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Use the following to answer the following question(s). The information below describes a project with an initial cash outlay of $10,000 and a required return
Use the following to answer the following question(s). The information below describes a project with an initial cash outlay of $10,000 and a required return of 12%. After-tax cash inflow Year 1 $6,000 Year 2 $2,000 Year 3 $2.000 Year 4 $2,000 Which of the following statements is correct? The project should be rejected since its NPV is -$23.91. The project should be rejected since its NPV is -$353.87. The project should be accepted since it has a payback of less than four years. The project should be accepted since its NPV is $353.87. 0 000
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