A company invests in a new project that requires an initial capital outlay of $1116277....
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Accounting
A company invests in a new project that requires an initial capital outlay of $1116277. The project will generate annual net cash flows of $150897 over a period of 9 years. The after-tax cost of capital is 7%. The residual value of the project is $188846.
What is the net present value of the project?
Select one:
a. $-30428
b. $-321994
c. $430642
d. $-133148
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