How much was the initial investment in the project

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Reference no: EM133589272

Question: Huntsville Company has invested in a project that has an eight-year life. It is expected that the annual cash inflow from the project will be $20,200. Assuming that the project has an internal rate of return of 15%, how much was the initial investment in the project? (Ignore income taxes in this problem.)

Reference no: EM133589272

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