Question: A project requires a $40,000 initial investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 $ 16,000 Year 2 $

A project requires a $40,000 initial investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 $ 16,000 Year 2 $ 10,000 Year 3 $ 14,000 Total $ 40,000 n-1 0.9009 1-119 1-2 1-11 0.0116 -3 0.7312 Assuming a discount rate of 11%, what is the net present value (rounded to the nearest whole dollar) of this investment? Selected present value factors for a single sum are shown in the table below 1-116 Multiple Choice O 50 500752) $28,400 $32.767 57233

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