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Puello Corporation has provided the following data concerning an investment project that it is considering: Initial investmen

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Answer #1
Correct option is: $240
Workings:
Year Value Flows Present Factor @8% Present Value
Initial Cost 0 $   -4,80,000 1 $       -4,80,000
Cash Inflows 1 - 4 $     1,45,000 3.312 $         4,80,240
Net Present Value $                  240
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