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XYZ is evaluating a project that would last for 3 years. The project's cost of capital is 12.0 percent; its NPV is -5,000; and the

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XYZ is evaluating a project that would last for 3 years. The project's cost of capital is 12.0 percent; its NPV is -5,000; and the expected cash flows are presented in the table. What is X? Years from today Expected cash flow in 3) 0 -34,000 1 41.000 2 X 3 -26,000 An amount equal to or greater than $8,000 but less than $13,000 An amount equal to or greater than $13,000 but less than $18,000 An amount equal to or greater than $18,000 but less than $23,000 An amount equal to or greater than $23,000 but less than $28,000 An amount less than $8,000 or an amount equal to or greater than $28,000 or the amount can not be determined or does not exist because the cash flows are not conventional

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