You are a manager at a car rental company similar to Avis Car Rental. You can buy
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You are a manager at a car rental company similar to Avis Car Rental. You can buy a Ford Focus for $21,000, rent it for two years, and make an operating profit of $4,500 per year, which you receive at the end of each year. After two years, you can sell the car for $15,000. If your discount rate is 9 percent, should you purchase the car?
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