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Which of the following comes closest to the net present value (NPV) of a project whose initial investment is $50 and which produces a stream
Which of the following comes closest to the net present value (NPV) of a project whose initial investment is $50 and which produces a stream of cash flows of $10 that come at the end of each year for 5 consecutive years beginning in 5 years (that is, no cash flow is produced in years 1,2,3,4, or 5)? The required rate of return is 5%?
$27.22
$0.76
-$6.71
-$16.08
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