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7 of 9 Shelby purchased two trucks for her warehouse for a total of $52,000. This investment saved her $10,500 every year for 10 years.
7 of 9 Shelby purchased two trucks for her warehouse for a total of $52,000. This investment saved her $10,500 every year for 10 years. At the end of year 10, she sells both the trucks for a total of $14,000. a. What is the Net Present Value (NPV) of the investment if the required rate of return is 6%? Round to the nearest cent b. Does the investment meet the required rate of return? Yes No
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