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Chloe is considering an investment proposal that requires an initial investment of $88,700, has predicted...

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Accounting

Chloe is considering an investment proposal that requires an initial investment of $88,700, has predicted cash inflows of $28,000 per year for four years and no salvage value. The present value factor of an annuity of $1 for 4 periods at 8% is 3.312. At a discount rate of 8 percent the projects net present value is:

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