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Smith Company has the following annual cash flows: Year 0: -173,160 Year 1: 614,718 Year 2: -726,406 Year 3:

Smith Company has the following annual cash flows:

Year 0: -173,160

Year 1: 614,718

Year 2: -726,406

Year 3: 285,714

Which discount rate provides a positive net present value (NPV) given this information?

Question 12 options:


15%


21%


18%

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