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3. (15%) Charlie invested 80,000 today. In return, he will receive 30,000 at the end of year 3, 40,000 at the end of year 4

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3. (15%) Charlie invested 80,000 today. In return, he will receive 30,000 at the end of year 3, 40,000 at the end of year 4 and 50,000 at the end of year 5. He will reinvest the cashflows received at 6% effective. Calculate the net present value of this 5-year investment at a 5.9% cost of capital

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