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A company is evaluating an investment which has an initial investment of $15,000. Expected annual net cash flows over four years is $5,000. The company
A company is evaluating an investment which has an initial investment of $15,000. Expected annual net cash flows over four years is $5,000. The company would like to earn a 10% return on the investment. The present value of an annuity factor for 10% and 4 periods is 3.1699. The present value of $1 factor for 10% and 4 periods is 0.6830. The net present value is
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