What is the amount of the initial investment in the project

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Problem - Allstar Company invests in a project with expected cash inflows of $9,000 per year for four years. All cash flows occur at year-end. The required return on investment is 9%. If the project generates a net present value (NPV) of $3,000, what is the amount of the initial investment in the project?

a. $11,253

b. $13,236

c. $26,160

d. $29,160

Reference no: EM132717970

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