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A project requires a $39,000 initial investment and is expected to generate end-of-period annual cash...

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Accounting

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A project requires a $39,000 initial investment and is expected to generate end-of-period annual cash inflows as follows: Assuming a discount rate of 12%, what is the net present value (rounded to the nearest whole doliar) of this investment? Selected present value factor: for a single sum are shown in the table below: Multiple Choice $0 528,080 5(1.240) $31.422

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