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A year ago
Investment A requires a net investment of $600,000. The required rate of return is 10 percent for the three-year annuity. What are the annual cash inflows if the net present value equals 0?
A) $184,842
B) $241,269
C) $249,791
D) $271,316
E) $360,000
Textbook 

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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A year ago
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B
Explanation:  B) Calculator: $241,268.88
2.487 × ACI - $600,000 = $0
ACI = $241,254.52
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