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Business, 07.05.2021 20:20 MPSLondon

(Ignore income taxes in this problem.) Chow Company has gathered the following data on a proposed investment project: Investment required in equipment $142,500 Annual cash inflows $30,000 Salvage value $0 Life of the investment 8 years Required rate of return 10% The net present value on this investment is closest to: A) $30,000. B) $76,024. C) $58,800. D) $17,550.

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