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Winter Wear is considering a 5-year project with an initial cost of $211,000. The project will produce cash inflows of $56,500 a year over the

  1. Winter Wear is considering a 5-year project with an initial cost of $211,000. The project will produce

cash inflows of $56,500 a year over the life of the project . (a) What is the net present value (NPV),

if the required rate of return is 15.8 percent? (b) What is the payback period for the project ?

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