An investment of USD100 generates after-tax cash flows of USD40 in Year 1, USD80 in Year 2,

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An investment of USD100 generates after-tax cash flows of USD40 in Year 1, USD80 in Year 2, and USD120 in Year 3.

The required rate of return is 20%. The NPV is closest to:

A. USD42.22.

B. USD58.33.
C. USD68.52.

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Corporate Finance Workbook Economic Foundations And Financial Modeling

ISBN: 9781119743811

3rd Edition

Authors: CFA Institute, Michelle R. Clayman, Martin S. Fridson, George H. Troughton

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