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XYZ Inc. is evaluating a project that would last for 3 years. The project's cost of capital is 5.0 percent; its NPV is -$2,000; and

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XYZ Inc. is evaluating a project that would last for 3 years. The project's cost of capital is 5.0 percent; its NPV is -$2,000; and the expected cash flows are presented in the table. What is X? Years from today 0 1 Expected cash flow (in $) -60,000 30,000 a. An amount equal to or greater than $10,000 but less than $12,000 2 20,000 3 b. An amount equal to or greater than $12,000 but less than $14,000 C. An amount equal to or greater than $14,000 but less than $16,000 d. An amount equal to or greater than $16,000 but less than $18,000 e. An amount less than $10,000 or an amount equal to or greater than $18,000

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