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What is the NPV of a project that requires an immediate investment of $87,000 and produces a cash flow of $62,000 at t = 3
What is the NPV of a project that requires an immediate investment of $87,000 and produces a cash flow of $62,000 at t = 3 and of $199,000 at t = 8? Assume an annual discount rate of 7% and round your answer to the nearest dollar. Thus, if you believe the NPV is - $2,347.52 write your answer as -2348 (Acceptable error = $1,000)
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