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You work for a manufacturing company that is considering the following investment: Total cost (day 0): $1,700,000 Annual cash flows years 1 through 3:
You work for a manufacturing company that is considering the following investment: Total cost (day 0): $1,700,000 Annual cash flows years 1 through 3: $0 Annual cash flows beginning at end of year 4: $532,000 Number of years receiving $532,000: 10 years What is the NPV of this project using a 15% discount rate? a. 48,958.57 b. 58,951.19 c. (5,188.85) d. 55,558.42
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
6th edition
1305103963, 978-1305548909, 1305548906, 978-1305103962
