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A three-year project costs $50,000 and returns $20,000 the first year, $30,000 the second year, and $25,000 the third year. If the required return is 10.0%, what is the Net Present Value (NPV)?
A: $11,758
B: $12,547
C: $25,000
D: $61,758
E: $62,547
Business Management, Management Studies
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