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A company buys equipment for $ 1 5 , 0 0 0 today and has annual net cash inflows of $ 6 , 0 0

A company buys equipment for $15,000 today and has annual net cash inflows of $6,000 for 3 years. The discount rate is 12% compounded annually. What is the Net Present Value (NPV)? Round to the nearest cent.
A.-$652.90
B. $652.90
C. $552.90
D. $992.50
E.-$525.90A company buys equipment for $15,000 today and has annual net cash inflows of $6,000 for 3 years. The discount rate is 12% compounded annually. What is the Net Present Value (NPV)? Round to the nearest cent.
A.-$652.90
B. $652.90
C. $552.90
D. $992.50
E.-$525.90
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