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Wells Fargo Bank introduced a credit card for use in making apartment rental payments without the landlord being required to pay a typical merchant's fee.
Wells Fargo Bank introduced a credit card for use in making apartment rental payments without the landlord being required to pay a typical merchant's fee. The Bank expected to generate revenue from cardholders maintaining certain balances in their Wells Fargo accounts, but the balances in those accounts turned out to be much lower than the bank expected. How would the actual NPV of this project compare to the projected NPV
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Part
A
Actual NPV would be greater than projected NPV
B
The two NPVs would be the same.
C
Actual NPV would be less than projected NPV
D
The actual NPV would be negative.
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