If the present value of future cash flows is $1,200 for an investment that requires an outlay

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If the present value of future cash flows is $1,200 for an investment
that requires an outlay of $1,000, the net present value
  a.  is $200.
  b.  is $1,000.
  c.  is $1,200.
  d.  is $2,200.
  e.  cannot be determined.

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