A capital budgeting project has a net investment of $450,000 and is expected to generate...
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Accounting
A capital budgeting project has a net investment of $450,000 and is expected to generate net cash flows of $150,000 annually for 5 years. What is the net present value at a 12% required rate of return? a. $64,962 b. $52,830 c. $90,720 d. $300,000
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