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Twelve Inch Toes Corp. will invest $199,000 in a project that will not begin to produce returns until the fourth year. From the end of

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Twelve Inch Toes Corp. will invest $199,000 in a project that will not begin to produce returns until the fourth year. From the end of the fourth year until the end of the tenth year ( periods), the annual cash flow will be $52,000, a. Calculate the net present value of the cost of capital is 9 percent (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations, Round the final answer to the nearest whole dollar. Negative answer should be indicated by a minus sign.) Net present value $ b. Should the project be undertaken? O No O Yes

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