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2 Explorer Company is considering the following investment proposal: tor ston Initial investment: $36,000 4,000 $25,000 Depreciable assets Working capital Operations (per year for 6

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2 Explorer Company is considering the following investment proposal: tor ston Initial investment: $36,000 4,000 $25,000 Depreciable assets Working capital Operations (per year for 6 years); Cash receipts Cash expenditures Disinvestment: Salvage value of equipment Recovery of working capital 11,000 $3,000 4,000 Discount rate: 10 percent Using a excel spreadsheet or financial calculator, the investment's net present value is (Round to the nearest dollar). Select one O 548 180 $10250 C 524925 59.159

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