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1.What is the NPV of an investment that costs $150,000 and returns $80,000 in the first year but then declines by 8%/year with the final

1.What is the NPV of an investment that costs $150,000 and returns $80,000 in the first year but then declines by 8%/year with the final cash flow coming in year 5?Assume a discount rate of 9.4%.

a)$250,000

b)$366,400

c)$116,400

d)$190,900

e)$40,900

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