Kern requires a return of 14 percent on all investment, Financial Management

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Kern requires a return of 14 percent on all investment

Kern Co. is planning to invest in a two-year project that is expected to yield cash flows from operations of $50,000 in the first year and $80,000 in the second year. Kern requires a return of 14 percent on all investment projects. The maximum that Kern should invest in this project is? (Ignore taxes)

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Financial Management: Kern requires a return of 14 percent on all investment

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