Question: Incremental cash flows for a project are estimated to be -$120,000 today and then $10,000 per year for the next ten years (i.e., time 1

Incremental cash flows for a project are estimated to be -$120,000 today and then $10,000 per year for the next ten years (i.e., time 1 through time 10). You are not sure what the cash flows are going to be at time 11 and beyond, but you assume that the eleventh period cash flow will grow by 2% in perpetuity. What is the minimum eleventh period cash flow that would make this project positive NPV if the discount rate is 8%? 7.85 7.15 None of the above 6.85 6.15
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