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Fimbrez Corporation has provided the following data concerning an investment project that it is considering:...

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Accounting

Fimbrez Corporation has provided the following data concerning an investment project that it is considering: Initial investment $360,000 Annual cash flow $118,000 per year Expected life of the project 4 years Discount rate 12% Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables. The net present value of the project is closest to:

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