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1. Mr. Wong has $100,000 income this year and zero income next year. The market interest rate is 4% per year. Mr. Wong also has

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1. Mr. Wong has $100,000 income this year and zero income next year. The market interest rate is 4% per year. Mr. Wong also has an investment opportunity in which he can invest $50,000 this year and receive $80,000 next year. Suppose Mr. Wong consumes $50,000 this year and invests in the project. What is the NPV of the investment opportunity

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