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What is the net present value of a project which has an initial cost of $49,000 and produces cash inflows of $16,000 a year for

What is the net present value of a project which has an initial cost of $49,000 and produces cash inflows of $16,000 a year for 6 years if the discount rate is 13 percent?

A.

$13,674.03

B.

$13,602.13

C.

$12,998.41

D.

$14,754.29

E.

$14,960.80

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