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Wayne Company is considering a long-term investment project called ZIP ZIP will require an investment of $129,600. It will have a useful life of 4

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Wayne Company is considering a long-term investment project called ZIP ZIP will require an investment of $129,600. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,100, and annual cash outflows would increase by $40,600. The company's required rate of return is 8%. Click here to view PV table. Calculate the net present value on this project. If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round present value answer to decimal places, eg. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided) Net present value 1224 Whether this project should be accepted? The project should be accepted

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