A project has estimated annual net cash flows of $6,800 for five years and is...
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Accounting
A project has estimated annual net cash flows of $6,800 for five years and is estimated to cost $23,125. Assume a minimum acceptable rate of return of 12%. Determine (1) the net present value of the project and (2) thepresent value index.
(1) Net present value of the project (rounded to the nearest dollar)$(2) Present value index (rounded to two decimal places)
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