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ACCT 301 Week 7 Homework Assignment

ACCT 301 Week 7 Homework Assignment

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ACCT 301 Week 7 Homework Assignment

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ACCT 301 Week 7 Homework Assignment

Week 7 – Homework Assignment

Magnum Corporation is considering the purchase of a new business that will increase

their annual cash flows by $50,000 per year for 8 years. The business will cost

$140,000 and the current market rate of interest is 6%.

Use the Present Value tables or Excel to answer the following questions.

Required:

1. What is the Net Present Value of the above business?  (10 points)

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