Question: 3. Enviro Group's Ocean Exploration project using the Cyborg Jellyfish has projected annual cash savings of $18,000 for the next eight years. The initial

3. Enviro Group's Ocean Exploration project using the "Cyborg Jellyfish" has projected

3. Enviro Group's Ocean Exploration project using the "Cyborg Jellyfish" has projected annual cash savings of $18,000 for the next eight years. The initial investment for this project is $75,000 and the required rate of return is 20%. Draw the cash flow diagram for this project and calculate the net present value manually. Should the company invest in this project? (10 points)

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