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What is the net present value of a project that has an initial cost of...

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Finance

What is the net present value of a project that has an initial cost of $30,000 and produces cash inflows of $8,500 a year for 10 years if the discount rate is 11 percent?

a. 26,123.07

b. 27,189.34

c. 20,058.47

d. 26,500.00

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