Project B has an initial cost of $23,956 and its expected net cash flows are...
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Accounting
Project B has an initial cost of $23,956 and its expected net cash flows are $6,000 p.a. for the next five years. If the required rate of return is 10%, what is the net present value of the project?
a.
Negative $1950.77
b.
Positive $1211.80
c.
Positive $1950.77
d.
Negative $1211.80
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