A project will produce an operating cash flow of $7,300 a year for three years. The initial cash investment in the project will be $11,600. The net after-tax salvage value is estimated at $3,500 and will be received during the last year of the project’s life. What is the net present value of the project if the required rate of return is 11%? A. $8,798.29B. $9,896.87C. $10,072.72D. $13,353.41E. $20,398.29

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