Question: A given project requires a $28, 500^vestment and is expected to generate end -of- period annual cash inflows of $12,000 for each of three years.

 A given project requires a $28, 500^vestment and is expected to

A given project requires a $28, 500^vestment and is expected to generate end -of- period annual cash inflows of $12,000 for each of three years. Assuming a discount rate of 10%. what is the net present value of this investment? Selected present value factors for a single sum are shown in the table below: I 10%/- 10% 10% n = 1 n =2 n = 3/9091 .8264 .7513

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