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A contract is estimated to yield net returns of $ 1 0 , 0 0 0 at the end of each quarter for the next
A contract is estimated to yield net returns of $ at the end of each quarter for the next five years. To secure the contract, it would require an immediate outlay of $ and a further outlay of $ four years from now. If the cost of capital is compounded quarterly, what is the contract's net present value?
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