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Twelve Inch Toes Corp. will invest $232,000 in a project that will not begin to produce returns until the third year. From the end of
Twelve Inch Toes Corp. will invest $232,000 in a project that will not begin to produce returns until the third year. From the end of the third year until the end of the tenth year (8 periods), the annual cash flow will be $58,000. a. Calculate the net present value if the cost of capital is 12 percent.
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