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1. A magazine publisher wants to launch a new magazine geared to college students. The...

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Finance

1. A magazine publisher wants to launch a new magazine geared to college students. The project's initial investment is $69. The project's cash flows that come in at the end of each year are $26 for 5 consecutive years beginning one year from today. What is the project's NPV if the required rate of return is 11%

Based upon the NPV decision rule, should the company accept or reject the project?

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