A firm is considering a project with an annual cash flow of $160,000.The project would have a 10-year life,and the company uses a discount rate of 8%.What is the maximum amount the company could invest in the project and have the project still be acceptable (rounded to the nearest whole number)?

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The Answer of A firm is considering a project with an annual cash flow of $160,000.The project would have a 10-year life,and the company uses a discount rate of 8%.What is the maximum amount the company could invest in the project and have the project still be acceptable (rounded to the nearest whole number)?

A Firm Is Considering a Project with an Annual Cash