Sellers Company is planning on investing in a new 2-year project, Project Flea. Project Flea...
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Accounting
Sellers Company is planning on investing in a new 2-year project, Project Flea. Project Flea is expected to produce cash flows of $100,000 and $160,000 in each of the 2 years, respectively. Sellers Company requires an internal rate of return of 15%. What is the maximum approximate amount that Sellers Company should invest immediately in Project Flea? (Choose the answer choice closest to your answer) Present Value of $1 Future Value of $1 Period 15% Period 15% 1 .870 1 1.150 2 .756 2 1.323
Group of answer choices
$326,680
$207,960
$163,340
$260,000
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