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#8 The following information pertains to an investment: Investment $149,547 Annual revenues $92,475 Annual variable costs $31,916 Annual fixed out-of-pocket costs $20,408 Discount rate 12%

#8

The following information pertains to an investment:

Investment

$149,547

Annual revenues

$92,475

Annual variable costs

$31,916

Annual fixed out-of-pocket costs

$20,408

Discount rate

12%

Expected life of project

8 years

What is the net present value?

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