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What is the NPV for a project with an after-tax initial investment of $20600 and five equal cash flows of $11100 at the start of

What is the NPV for a project with an after-tax initial investment of $20600 and five equal cash flows of $11100 at the start of each year, beginning with the fourth year? The appropriate discount rate is 22 percent. Should it be accepted?

a) $11186.40; accept

b) $756.09; accept

c) $5454.43; accept

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