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Question 1 0.4 pts Umber is the project manager of a new project. Another employee calculated the present worth of the projecI NEED A CORRECT ANSWER PLS. PLS VERIFY THE ANSWER BEFORE POSTING.

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Answer #1
NPV 630997
Annual rate 24%
Compounded 4 times a year
life 8 years
quarterly rate 0.06
quarterly worth of project = NPV/(1+ quarterly rate)^life*4
= 97777.652
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