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Accounting

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17. Roman Knoze is considering two Investments. Each will cost $20,000 initially. Project 1 will return annual cash flows of $10,000 in each of three years. Project 2 will return $5,000 in Year 1 , $10,000 in Year 2, and $15,000 in Year 3. Roman requires a minimum rate of return of 10%. What is the net present value of Project 1 ? (Use the discount tables provided and round each present value calculation to the nearest dollar.) A. $25,670 B. $22,530 C. $4,869 D. $20,000

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