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A capital investment has an initial cost of $510,000. At the end of each of the next 9 years, it is expected to produce cash
A capital investment has an initial cost of $510,000. At the end of each of the next 9 years, it is expected to produce cash inflows of $135,000 and cash outflows of $55,000. After 9 years, it is expected to have a residual value of $23,000. Using a discount rate of 5%, what is this investment's net present value
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