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ay 5 1/15 A proje provides annual cash flows of $2,400 for 10 years costs $13,1 ay. If the required return is 9 percent, what
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Answer #1

I/Y =9%
N=10 years
PMT =-2400
Using Financial Calculator
I/Y=9%;N=10;PMT =-2400;CPT PV =15,402.38

NPV =PV of Investments -Cost =15402.38-13100 =2302.38(Option a is correct option)

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