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papahomer papahomer
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6 years ago
Miller River Light is evaluating a project that will require an initial investment of $350,000. Miller River uses a 12% discount rate for capital projects of this type. What level of operating cash flows over a period of 5 years will cause the project to reach break-even NPV?  Assume cash flows come in the form of an end-of-the-year annuity.
A) $70,000.00
B) $97,093.41
C) $92,329.12
D) $86,690.54
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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David_hessDavid_hess
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