Question: PE 26-3A Net present value A project has estimated annual net cash flows of $8,000 for five years and is estimated to cost $28,000. Assume

 PE 26-3A Net present value A project has estimated annual net

PE 26-3A Net present value A project has estimated annual net cash flows of $8,000 for five years and is estimated to cost $28,000. Assume a minimum acceptable rate of return of 12%. Using Exhibit 5 determine (1) the net present value of the project and (2) the present to two decimal places

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