Question: Meyer, Inc. is considering a five-year project that has an initial after-tax outlay or after-tax cost of $53,000 . The future after-tax cash inflows from

Meyer, Inc. is considering a five-year project that has an initial after-tax outlay or after-tax cost of $53,000 . The future after-tax cash inflows from its project for years 1, 2, 3, 4 and 5 are all the same at $20,000 . Meyer uses the net present value method and has a discount rate of 7%. Will Meyer accept the project? Please Show Work

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