A project has an initial investment requirement of $41,000. In years 1, 2, and 3...
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Accounting
A project has an initial investment requirement of $41,000. In years 1, 2, and 3 it will generate cash flows of $20,000, $23,000, and $14,000 respectively. If a company is evaluating the project and has a required return of 11%, should the company accept this project? What if the required return is 24%?
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