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3. (16 points) An investment requires $16,000 today, and produces the first cash flow of $800 in a) What is the NPV of this investment
3. (16 points) An investment requires $16,000 today, and produces the first cash flow of $800 in a) What is the NPV of this investment if the discount rate is 6% ? (8 points) NPV = b) What is the rate...
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