Question: Fancy, Inc. is considering a five-year project that has initial after-tax outlay or after-tax cost of $42,000. The future after-tax cash inflows from its project

Fancy, Inc. is considering a five-year project that has initial after-tax outlay or after-tax cost of $42,000. The future after-tax cash inflows from its project for years 1 through 5 are $11,000 for each year. Fancy uses the net present value method and has a discount rate of 9.00%. Will Fancy accept the project?

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