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14.A project requires an investment of $2,700 today. It can generate sales of $3,300 per year forever. Costs are $1,800 for the first year and will increase by 20% per year. Assume all sales and costs occur at the end of the year. (For example, costs are $1,800 at t 1 and 20% higher at t-2). Ignore depreciation and taxes and calculate the NPV of the project assuming a 12% discount rate. Hint: The project is stopped when costs exceed revenues. a. $195.31 b. $1,000.00 c. $172.52 d. Cannot be calculated as g > r
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