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Question
Miller River Light that manufactures the project 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?A) $70,000.00
B) $97,093.41
C) $92,329.12
D) $86,690.54
Answer
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