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Use the following information to answer question #20 #22 Three-year project with Initial investment: $1,000 Interest rate: 6% The 1st year cash flow: $500 The

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Use the following information to answer question #20 #22 Three-year project with Initial investment: $1,000 Interest rate: 6% The 1st year cash flow: $500 The 2nd year cash flow: $1,000 20. Which of the followings is NPV of this two-year project? 21. What is the payback period for this project? 22. The profitability index (Pl) will be approximately calculated as

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