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113. Six years ago, Torry Hardware paid a contractor $45,000 to expand the store. At that time, the company calculated a net present value of
113. Six years ago, Torry Hardware paid a contractor $45,000 to expand the store. At that time, the company calculated a net present value of about $6,000 for the expansion. Now, the company believes that the investment increased annual cash inflows by $8,000 per year for each of the six years. Torry has a desired rate of return of 10%. What was the net present value actually achieved for this capital investment? (round to the nearest dollar) A. ($10,158) B. ($3,000) C. $34,842 D. $(9,207)
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