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You have a project that begins two years from now. The estimated cost in year 2 is $20,000 and the estimated after-tax cash flow is

You have a project that begins two years from now. The estimated cost in year 2 is $20,000 and the estimated after-tax cash flow is $5,000 each year for the next six years, with no salvage value. The cost of capital is 11%. Should you undertake the project?

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