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A project has an initial cost of $42,600 and cash inflows of $11,800 a year...

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Accounting

A project has an initial cost of $42,600 and cash inflows of $11,800 a year for 4 years. What is the NPV if the required return is 11 percent?

A. -$5991.14

B. -$2,868.22

C. $411.15

D. $1,008.18

Answer & Explanation Solved by verified expert
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