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1. An investment costs $204,000 today and promises a series of $60,000 annual cash inflows in each of the next 8 years. The first cash

1. An investment costs $204,000 today and promises a series of $60,000 annual cash inflows in each of the next 8 years. The first cash inflow occurs one year from today. What is the net present value of this investment if the discount rate is 5%? Round your answer to the nearest dollar. Be sure to enter a negative sign (-) if your answer is a negative number

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