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What is the net present value of a replacement project whose cash flows are -$848,000; $572,000; $793,000; and $122,000 for years 0 through 3, respectively?

What is the net present value of a replacement project whose cash flows are -$848,000; $572,000; $793,000; and $122,000 for years 0 through 3, respectively? The firm has decided to assume that the appropriate cost of capital is 18.1% p.a. (round to the nearest dollar) Select one:

a. $278956

b. $1974956

c. $106239

d. $381865

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