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5. An investment requires 45,000 today, and produces an yearly cash flow of 3200 in perpetuity. Cash flow is expected to grow at 2%

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5. An investment requires 45,000 today, and produces an yearly cash flow of 3200 in perpetuity. Cash flow is expected to grow at 2% a year. a) What is the NPV of this investment if the discount rate is 8% ? (10 points)

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