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Use the following table for this question Present value of an Annuity of $1 Periods 1 8% 9% 10% 926 .917 909 2 1.783

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Use the following table for this question Present value of an Annuity of $1 Periods 1 8% 9% 10% 926 .917 909 2 1.783 3 2.577 1.759 2.531 1.736 2.487 A company has a minimum required rate of return of 9% and is considering investing in a project which costs $25,000 and is expected to generate cash inflows of $10,000 at the end of each year for three years. The net present value of this project is O a. 25,310 O b. $9,170 O c. $15,000 O d. $5,310

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